BCPG Plc, the power generation arm of energy conglomerate Bangchak Corporation, is preparing to spend more than 32 billion baht next year to fund investments in Thailand and overseas, paving the way for greater use of clean energy.
The amount is 10 times more than the company's capital spending in 2023, which totalled 3.2 billion baht.
"We plan to allocate 18.7 billion baht of the 2025 budget for new investment projects," said Niwat Adirek, president and chief executive of BCPG.
Among the investments are solar and wind farms in Laos and Vietnam.
In Thailand, the company plans to invest in projects to sell electricity to the manufacturing sector.
BCPG announced earlier it was expanding in Southeast Asia, with the latest move to acquire shares worth 4.5 billion baht in two wind farms with combined electricity generation capacity of 99 megawatts in Vietnam.
The two wind power projects, both located in Gia Lai province in central Vietnam, represent the second asset the company has acquired after investing in a wind farm in Laos.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
**Photo credit: Bangkok Post