EA vehicle deliveries kneecapped by pandemic
SET-listed Energy Absolute (EA) expects 2020 revenue will fall by 25% from an earlier estimation to 15 billion baht, on par with last year’s earnings, because of the pandemic. The pandemic resulted in the company being unable to deliver 5,000 electric vehicles (EV) to clients this year, causing a revenue revision from 20 billion baht set […]
BCPG acquiring 4 solar plants
BCPG, a renewable energy business arm of Bangchak Corporation, has announced a takeover deal for four solar power plants in Thailand with a total production capacity of 20 megawatts to further expand its green energy empire.
Pan Orient Energy Corp.: Thailand Drilling Update
The L53-DD8 (water disposal) well was drilled from the DD oilfield wellpad to a total measured depth of 1,353 meters at a subsurface location 490 meters southwest. This well was drilled at a location which was furthest down dip from the crest of the structure with the intention of using it as a water disposal […]
Banpu set to acquire $66 million wind farm in Vietnam
Banpu Pcl, a leading integrated energy solutions company in the Asia-Pacific, is acquiring the El Wind Mui Dinh Wind Farm, which marks a key milestone in the company’s long-term investment in Vietnam. The $66 million acquisition, subject to adjustments outlined in the sales and purchase agreement, was made through BRE Singapore Pte Ltd, an associate company […]
Agencies told to find ways to mitigate Laos dam impact
Deputy Prime Minister Prawit Wongsuwon urged authorities concerned to discuss and find ways to mitigate the possible environmental impact from the Sanakham Dam project in Laos in the upcoming scheduled public hearings. “[The committee] is concerned about the impact of the dam, as it is located just two kilometres away from the Thai border. As such, […]
‘Tesla of Thailand’ Mulls Hydropower Plants to Balance EV Risks
Energy Absolute Pcl took a detour from developing solar and wind farms to lead Thailand’s biggest electric-vehicle venture. While it’s still betting that EVs have the biggest growth potential, the company is also returning to its roots in renewables. The Thai utility is assessing the viability of developing two dam-based hydropower projects in Laos, according to Deputy […]
BCPG eager to build Asean’s largest wind farm in Laos
SET-listed BCPG Plc, a renewable energy arm of Bangchak Corporation Plc, plans to build Asean’s largest wind farm in Laos to generate revenue from rising demand for electricity. The company announced it will spend US$ 840 million, around 26.8 billion baht, developing the facility, with a capacity of 600 megawatts, on 400,000 rai in southern Laos.
Tapping PTT ties, GPSC seeks LNG shipping licence
Global Power Synergy Plc (GPSC) plans to synergise with its parent PTT to help GPSC obtain a licence to operate a liquefied natural gas (LNG) shipping business. GPSC president and chief executive Chavalit Thippawanich said the cooperation with PTT will be an essential part of its business model as PTT owns LNG receiving terminals, the key […]
