PTT and Foxconn sign MoU for production of electric vehicles
A memorandum of understanding (MoU) has been signed in Thailand between PTT, the largest publicly listed conglomerate in Thailand, and Hon Hai Technology Group, otherwise known as Foxconn, a global technology solution provider.
EGAT to pilot flexibility in Thailand
A demand response demonstration, driven by the Electricity Generating Authority of Thailand (EGAT), is to be undertaken to optimise the supply and demand balance on the Thai power grid.
Thai Oil Giant Invests in Plant Protein to Power New Growth
Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses.
Gunkul to invest B2bn in cannabis
SET-listed Gunkul Engineering, a renewable energy developer and builder, is allocating capital spending worth almost 2 billion baht to develop a new cannabis plantation and cannabis oil production facility over the next two years.
Energy brightens regional economy
Amid the Covid-induced economic gloom, it was perhaps a surprise to see that the first-quarter profit of companies listed on the Stock Exchange of Thailand had risen by 137% from the same period last year. The energy sector, which accounts for 35-40% of total SET market capitalisation, was the key contributor to this impressive performance.
PTT Group fast-tracks power plans
PTT Group is putting its power business on the fast track, with generation capacity expected to increase by at least 1 gigawatt each year in a bid to achieve a target of 16GW by 2030.
Nexif Energy and RATCH partner on 80MW Ben Tre wind project in Thailand
Nexif Energy, an Australian and South East Asian power company, backed by Denham Capital has formed a 50:50 partnership with RATCH Group for construction and operation of its Nexif Energy Ben Tre wind power generation project (NEBT) in Vietnam.
Gulf Energy mulls tender offer for shares in AIS
SET-listed Gulf Energy Development, Thailand’s biggest private power producer by market value, says it may consider making a tender offer for the country’s biggest mobile operator Advanced Info Service’s (AIS) shares on the same day it does with the carrier’s major shareholder InTouch Holdings.
