Ratch outlines 10-year investment strategy
Ratchaburi Electricity Generating Holding sets sight to grow business in the next 10 years, with more investment projects planned for Asean as well as other countries in the Asia Pacific region.
At the press conference on Tuesday, Pongdith Potchana, chief operating officer, said in 2023, the company will grow businesses through four main strategies focusing on primary-fuel power generation in Thailand, renewable energy in Thailand, international power projects and business adjacent to power generation.
In the year, the company's capacity will rise to 9,700 megawatts, from 6,543MW at present. The enterprise value will also rise to Bt280 billion, from Bt116 billion.
“Thailand and neighbouring countries are significant investment targets especially on power projects attached with power purchase agreement with Electricity Generating Authority of Thailand (EGAT). At the same time, RATCH plans to grow renewable energy business in domestic and potential international markets particularly in Australia and seeks for expanding business in new markets in ASEAN and Asia Pacific," Pongdith said.
He said that to achieve the goal, Ratch will consider greenfield and brownfield investment as well as merger and acquisition.
In 2014, the 410MW hydro power project in Laos begins construction phase and expects commercial operation in 2018. There are five new projects under feasibility study and development including 300MW coal-fired project in Myanmar, 2 solar projects with total 30MW in Japan and 2 renewable projects in Australia namely, 23MW Collinsville Solar PV and 165MW Collector Wind Farm scheduled commercial operation in 2015 and 2016, respectively.
In 2013, Ratch reaped Bt53.49 billion in revenue and Bt6.187 billion in net profit.
