CK Power shows strong profit growth in 2019

The company achieved Bt8.84 billion in revenue, generating profits of Bt769 million, after recognising the profit sharing from Xayaburi Hydroelectric Power Plant. 

Thanawat Trivisvavet, the company’s managing director, said in 2019 there was interest income from the Nabong Substation lease which had been completed since the end of 2018 together with the recognition of profit-sharing from investment in Xayaburi Hydroelectric Power Plant that had started commercial operation of electricity generation to Egat since October 29, 2019. 
CKP has approved dividend at Bt0.03 per share, which will be paid to shareholders on May 27.
Thanawat said last year, CKP had opened five new rooftop solar power plants -- Phachi Solar Power Plant, in Phra Nakhon Si Ayutthaya province with installed capacity of 0.89 megawatts; Bang Len Solar Power Plant in Nakhon Pathom province with installed capacity of 0.97MW; Phutthamonthon 5 Solar Power Plant, in Nakhon Pathom with installed capacity of 0.97MW; Mahachai Solar Power Plant in Samut Sakhon province with installed capacity of 0.72MW and another solar power plant in Krathum Baen, Samut Sakhon province with installed capacity of 0.52MW. The company also increased the proportion of shareholding in SouthEast Asia Energy Co Ltd by 5.33 per cent with investment value of Bt681.5 million, resulting in the increase of indirect shareholding in Nam Ngum 2 Hydroelectric Power Plant from 42 to 46 per cent.
Thanawat added that in 2020, CKP expects to have better operating results due to the operation of Xayaburi Hydroelectric Power Plant at full capacity throughout the year. 
Meanwhile, CKPower is still looking for opportunities to expand its investment in the generation and distribution of clean and environmentally friendly power in Thailand, Lao PDR and other countries, he added.