Thailand Market

PTT Group fast-tracks power plans

Sumary of PTT Group fast-tracks power plans:

  • 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..
  • Its power generation arm Global Power Synergy Plc (GPSC) and other subsidiaries are expected to jointly carry out the expansion plan to increase the current capacity of 5.05GW, said PTT president and chief executive Auttapol Rerkpiboon..
  • As of the end of May, renewable power generation made up only 11% of GPSC’s 5.05GW portfolio, with solar farms, a waste-to-energy power plant and hydroelectric power among key electricity sources..
  • PTT is expanding its renewable energy development through subsidiary Global Renewable Power Co, jointly owned by PTT and GPSC..
  • After 2030, renewable energy and other non-oil businesses should contribute 20% of the group’s total revenue, he said..
  • In the gas-based power generation segment, PTT Exploration and Production Plc (PTTEP) is overseeing a gas-to-power plant development project in Myanmar….

Want to know more click here go to source.