Sunday, September 27, 2020

CKPower performance hit by low water inflow, hopes for higher 2nd-half revenue from increased power generation

Aug 13. 2020
Thanawat Trivisvavet
Thanawat Trivisvavet
Facebook Twitter

By THE NATION

CK Power Public Company Limited and its subsidiaries witnessed lower performance in the second quarter compared to the same period last year due to low water inflow at the Nam Ngum 2 Hydroelectric Power Plant (NN2) in summer, managing director Thanawat Trivisvavet said in a press statement today (August 13).

The volume of water inflow at NN2 in the first half of this year was approximately 867 million cubic metres, a decrease of 65 million compared to the same period last year.

As a result, the power plant’s capacity to generate and sell electricity was reduced to 409 million units, about 618 million units lower than last year’s 1,027 million.

Nonetheless, CKPower was able to sell an impressive 2.34 billion units of electricity from the Xayaburi Hydroelectric Power Plant in the first half of this year, the statement said.

Meanwhile, the Bangpa-in Cogeneration Limited plant and Bangkhenchai’s nine solar-powered plants have also been generating more electricity in the second quarter.

Overall, CKPower earned revenue of Bt3.59 billion in the first half of the year – Bt1.13 billion lower than the same period last year when the company saw earnings of Bt4.73 billion.

Mid-year electricity sales of 1.18 billion units was 618 million units lower than in 2019 – a 34 per cent decrease.

During the second quarter of 2020, CKPower and its subsidiaries earned Bt1.83 billion in revenue, which is 21 per cent lower than the same period last year, when the company earned Bt2.31 billion.

Electricity sales of 609 million units in the second quarter of 2020 were lower than the same period last year, a 29 per cent decrease.

However, the volume of recent water inflow at the NN2 reservoir was 628 million cubic metres, a 37 per cent increase from the same period last year when the inflow totalled 460 million cubic metres.

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo