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CK Power boosts revenue 17% for quarter

Aug 09. 2019
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By The Nation

CK Power (CKP) has booked revenue of Bt2.312 billion for the last reported quarter, marking growth of more than 17 per cent from the same period of last year.

The growth was driven mainly by expansion in revenue from the Nam Ngum 2 Hydropower Plant (NN2), as well as from the three rooftop solar power plants that began operating during the quarter, said Thanawat Trivisvavet, managing director of CKP.

The company posted net profit of Bt 83.7 million, up 26.5 per cent from the same period last year, despite the shutdown of Bangpa-In Cogeneration 1 Power Plant for maintenance.

CK Power completed the acquisition of an additional 5.33 per cent stake in Southeast Asia Energy Limited with total investment of Bt 681.5 million in May, which resulted in CK Power increasing its effective ownership of NN2 from 42 per cent to 46 per cent.

Moreover, from May to July, CK Power began operating four rooftop solar power plants. Banglen Solar in Nakhon Pathom province (0.97 MW), Putthamonthon Sai 5 Solar in Nakhon Pathom province (0.97 MW) and Mahachai Solar in Samut Sakhon province (0.72MW) were all completed in the second quarter. The Krathum Ban Solar in Samut Sakhon province (0.52 MW) was completed in July.

CKP engages in the production and sale of electricity generated energy. The company has stakes in 13 energy projects including two hydroelectric power projects, the Nam Ngum 2 Hydroelectric Power Plant, operated by Nam Ngum 2 Power Limited and the under-construction Xayaburi Hydroelectric Power Plant, to be operated by Xayaburi Power Company Limited.

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