RATCH rachets up its profits
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Ratchaburi Electricity Generating Holding Plc (RATCH) announced its 2017 operating (excluding energy paymentt) performance with a Bt6.107-billion profit, decreasing 1 per cent over year due to slight increase of operating cost and expenses.
However, the profit-sharing from joint ventures grew to Bt3.577 billion, up 23 per cent as a result of Hongsa thermal power plant’s improved efficiency of equivalent availability factor (EAF) generating Bt2.018-billion in revenue.
Regarding business goals and direction for 2018, the company said it plans to expand its generation capacity of 8,250 megawatts equivalent by 870 megawatts equivalent or 12 per cent from the current installed generation capacity. It has a Bt25-billion investment budget provisioning for projects under construction and development as well as new investment this year, CEO Kijja Sripatthangkura said.
