Energy

Banpu Power posts 100% net profit rise in 2016

Banpu Power Plc has reported its 2016 business performance, with its net profit of Bt4.13 billion, a significant increase on the Bt2.07 billion it posted in the previous year. With its strong financial status, Banpu Power has affirmed its strategic plan in operating conventional and renewable ...

Export value jumps 8.8% in January as oil prices rise

Export value in January grew by 8.8 per cent to US$17.09 billion, after higher oil prices resulted in more revenue from oil by-products, according to the Commerce Ministry. The ministry on February 27 reported that the value of January imports rose by 5.17 per cent to ...

Egco funds 7 new power projects

Electricity Generating Group has budgeted more than Bt30 billion this year for seven power projects both in Thailand and overseas, according to company president Chanin Chaonirattisai. Six of the projects are under construction and scheduled to start commercial operations between this year and 2019, including three ...

Toshiba to build power plant

The Cambodian government has awarded Japanese-owned Toshiba Plant Systems & Services Corporation the concession to construct a coal-fired power generation project in Preah Sihanouk province. Prime Minister Hun Sen, who signed the agreement on February 17, said the new power plant would address the energy deficiency ...

Role of fisheries emphasised

A spate of reports by WorldFish, an international organisation that researches how fisheries can help reduce poverty and hunger, illustrates how the fishing industry supports the economic survival of many of the Kingdom’s inhabitants. The reports give an inside look at the role fisheries play ...

Anti-coal group issues deadline to halt EHIA

Authorities have until Monday to withdraw the environmental and health impact assessment studies for the controversial Krabi power plant project or brace for a major protest, a group opposing the project warns. Prasitthichai Nunual, key coordinator of Save the Andaman from Coal network, said the ...

Energy giant PTT upbeat on Trump's oil pipeline plan revival

U.S. President Donald Trump’s decision to revive plans for the controversial Keystone XL oil pipeline could spur Thai energy giant PTT to resume development of an oil sands project in the Canadian province of Alberta, the state-owned company’s chief executive said Wednesday. Just after taking ...

Vietnam wants to develop high-tech wind power plants

Renewable energy, especially wind power, is believed to be the solution to Vietnam’s increasingly high demand for power. Fifty wind power projects have been registered in Vietnam so far, but only four of them, with the total capacity of 159.2 MW, have been put into commercial ...

PTT to sell businesses under revamp

Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...

Profits soar at top petrochem companies

Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...

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