FRIDAY, March 29, 2024
nationthailand

Banpu Power unveils 2018 growth

Banpu Power unveils 2018 growth

Banpu Power Plc (BPP), a power-generating company operating both conventional and renewable power businesses, has reported its 2018 operating results with earnings before interest, taxes, depreciation and amortisation (EBITDA) of Bt5.91 billion, a 9-per-cent increase compared to last year, and a total operating profit of Bt4.72 billion, a 9-per-cent increase compared to last year.

The key factor was the share of profit from Hongsa Power Plant which increased by 53 per cent compared to last year, resulting from consistent reliability improvement, with the equivalent availability factor (EAF) reported at 87 per cent.
Three new power plants of Banpu Power including Luannan Combined Heat and Power Plant Phase 2 in China as well as Mukawa and Nari Aizu Solar Power Plants in Japan also achieved Commercial Operation Date (COD) with the total equity-based power generation capacity of 77 MWe, it said. In 2019, the company said it expects to achieve COD for six power projects with the total equity-based power generation capacity of 114.2 MWe, consisting of the expansion of Luannan Combined Heat and Power Plant Phase 3 in China and five solar power plant projects in Japan.  
The company is ready to expand investment opportunities on conventional and renewable power businesses to potential countries, such as Vietnam. This reflects the company’s capability in developing projects as planned while continuously generating growth in accordance with the greener strategy in order to achieve the power generation capacity of more than 4,300 MWe with a renewable energy proportion of not less than 20 per cent by 2025, the firm said. 
Sutee Sukruan, CEO of Banpu Power Public Company Limited, said: “Last year, our power generation efficiency proved successful as can be seen from the EAF of Hongsa and BLCP power plants that reached as high as 87 per cent. Apart from that, the new power plants which achieved COD as planned also enabled Banpu Power’s operational power plants to reach 2,145 MWe. 
“Another milestone was our first-time investment in the wind power project in Vietnam. This achievement not only aligns with our strategic direction to have geographical diversification in the investment portfolio but also offered opportunities for Banpu Power to invest in additional power plant projects in the future. In addition, we also officially launched Banpu Power in Tokyo and established another office in Vietnam.”

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