BANGKOK, Sept 2 Thailand's second largest
private power producer, Electricity Generating Pcl,
said on Friday it expected 2016 operating profit of 8 billion
baht ($231 million), up from last year due to rising capacity at
home and abroad.
The utility plans to increase its generating capacity by 23
percent to 5,000 megawatts (MW) by 2019, when foreign operations
will account for half of that total compared to 33 percent now,
President Chanin Chaonirattisai told reporters.
Renewable energy and hydropower are expected to contribute
30 percent of total capacity over the next 10 years, up from 16
percent currently, Chanin said.
EGCO runs 23 power plants with an installed capacity of
4,049 MW in Thailand, Laos, the Philippines, Indonesia and
Australia. It posted an operating profit of 4.3 billion baht in
the first half of 2016.
The company is developing seven power plants that are
scheduled to start commercial operations from late 2016 until
2019. It is looking for an opportunity to invest overseas,
especially in Southeast Asia, he said.
It is also studying the possibility of five foreign projects
including the Pakbeng 912-MW hydropower plant and Nam Theun 1
650-MW hydro power plant in Laos, an expansion of a geothermal
power plant in Indonesia, and power plants in Vietnam and
Its 930-megawatt Khanom Unit 4 power plant began commercial
operations in June to serve electricity demand in Thailand's
($1 = 34.6000 baht)
(Reporting by Khettiya Jittapong)