Banpu Public Company Limited announced a total investment plan of USD 835 million for 2019-2020, with the goal of accelerating electricity generation to 4,300 MW ahead of the original target set for 2025. Additionally, the coal sales target for this year is set at 48 million tons.
This USD 835 million investment budget is allocated to the coal business (USD 110 million), the power business (USD 125 million), the shale gas business in the USA (USD 500 million), and the smart energy business (USD 100 million). It is expected that by 2020, the EBITDA proportion from the power business will be 20% and from renewable energy 10%.
For the 2019 coal sales target, the company aims for 48 million tons, divided into Indonesia (28 million tons), Australia (15 million tons), China (5 million tons), and Vietnam (2 million tons).
Mr. Sutee Sukruan, Chief Executive Officer of Banpu Power Public Company Limited, revealed that the company has prepared an investment budget of approximately USD 125 million for the Shanxi Lu Guang coal-fired power plant project, solar farms in Japan, and wind power projects in Vietnam. Currently, the commercial operation date (COD) capacity is 2,150 MW and is expected to increase by another 114.2 MW this year from 6 projects.
Banpu Power is confident that it can expand its total generation capacity to 4,300 MW faster than the original target of 2025, while continuing to seek new investment opportunities both in Thailand and abroad, especially in Vietnam and Japan.
Banpu Power's overall performance in 2019 is expected to grow better than in 2018, which had a net profit of THB 3,812 million and total revenue of THB 11,554 million, due to increased electricity generation capacity and no maintenance shutdowns.
