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Thailand's third-largest power producer, Gulf Energy Development Pcl, plans to invest 120 billion baht (23.
77 billion yuan) to double its power generation over the next six years
.
In the next six years, Thailand's Gulf Energy will invest 23.
77 billion yuan to double its power generation capacity
Ratthapol Cheunsomchit, chief business development strategy officer at Gulf Energy, said at an investor conference that with power generation increasing from 5,283 MW today to 11,126 MW by 2024, the target is 13.
2 percent
annual revenue growth.
Ratthapol said the company was listed on the Stock Exchange of Thailand last year, the largest corporate offering
in a decade.
With the 500 MW project coming online, the company plans to achieve a 120%
increase in revenue this year.
Ratthapol added that the company is one of many Thai energy companies investing overseas and expects overseas revenue contribution to reach 30%
within 5-6 years.
The company's latest overseas project is a $53.
4 million solar development project in Vietnam, in addition to a 300-megawatt deal
for a natural gas power plant in Oman by June.
In addition, the company is also interested in acquiring small local power producers
with a capacity of 300 to 400 MW.
Note: This article uses the real-time exchange rate of 1 baht = 0.
1981 yuan
，
Thailand's third-largest power producer, Gulf Energy Development Pcl, plans to invest 120 billion baht (23.
77 billion yuan) to double its power generation over the next six years
.
In the next six years, Thailand's Gulf Energy will invest 23.
77 billion yuan to double its power generation capacity
77 billion yuan to double its power generation capacity
Ratthapol Cheunsomchit, chief business development strategy officer at Gulf Energy, said at an investor conference that with power generation increasing from 5,283 MW today to 11,126 MW by 2024, the target is 13.
2 percent
annual revenue growth.
Ratthapol said the company was listed on the Stock Exchange of Thailand last year, the largest corporate offering
in a decade.
With the 500 MW project coming online, the company plans to achieve a 120%
increase in revenue this year.
Ratthapol added that the company is one of many Thai energy companies investing overseas and expects overseas revenue contribution to reach 30%
within 5-6 years.
The company's latest overseas project is a $53.
4 million solar development project in Vietnam, in addition to a 300-megawatt deal
for a natural gas power plant in Oman by June.
In addition, the company is also interested in acquiring small local power producers
with a capacity of 300 to 400 MW.
Note: This article uses the real-time exchange rate of 1 baht = 0.
1981 yuan
，
