PTT board nods to Bt180.814 bn investment for five years
PTT Plc's board has approved the five-year (2020-2024) investment plan of PTT and its wholly-owned subsidiaries in an aggregate amount of Bt180.814 billion, according to its filing to the Stock Exchange of Thailand on Thursday (January 16).
PTT’s investment plan focuses on core businesses, mainly in the gas group in both PTT-own operations (gas business and gas Transmissions) and its wholly-owned subsidiaries such as expansion of liquefied natural gas (LNG) production to terminal capacity as well as other investments in joint ventures and wholly-owned subsidiaries, such as investments in oil and non-oil businesses in Thailand and overseas.
Additionally, PTT has set Bt203.583 billion in provisional capital expenditure for the next 5 years to enhance product value and synergy within the group, from core businesses’ expertise including LNG Value Chain and the gas-to-power project, as well as new investments in energy businesses in accordance with the national development plan and the trends of technology disruption, consumer behaviours and clean energy.
