Banpu to invest at least $1bn over next 5 years
Energy firm Banpu Plc expects to set aside at least US$1 billion (Bt30.4 billion) for its five-year investment plan (2021-2025), said chief executive officer Somrudee Chaimongkol.
The budget would be spent on business expansion through joint investment, takeovers, and boosting existing production capacity, she added.
She said the company expects continued growth of Ebitda ( Earnings before Interest, Tax, Depreciation and Amortisation) from the fourth quarter this year into next year, thanks to improving gas and coal prices in the fourth quarter. The advent of winter has triggered higher energy demand, especially in China and India.
Banpu’s completed acquisition of a gas-producing operation in the Barnett Shale in Texas in the third quarter will enable realisation of its new production capacity in the fourth quarter this year.
