Monday, August 10, 2020

PTT study looks at restructuring electricity business

Jul 06. 2020
PTT CEO Auttapol Rerkpiboon
PTT CEO Auttapol Rerkpiboon
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By THE NATION

Oil and gas conglomerate PTT Plc has conducted a feasibility study on restructuring its electricity generation business to futher boost growth and ensure it keeps pace with global energy trends, chief executive officer Auttapol Rerkpiboon said.

PTT's electricity business includes electricity generated from conventional sources, such as natural gas or coal, and that generated by what he calls "the new energy" such as renewable energy and also an energy storage system.

He added that Global Power Synergy Plc is still PTT group's power business flagship.

PTT has also assigned other companies in its group, such as Thai Oil Plc, PTT Global Chemical and IRPC to jointly study the possibility of supporting PTT's new energy business.

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