“GPSC predicts better operating results in 2023 with growth in renewable energy projects and government policy on electricity bill reduction”

Mrs. Sirobon Boonthavorn, Senior Manager of Corporate Finance and Investor Relations, Global Power Synergy Public Company Limited (GPSC), revealed that the company expects operating results in 2023 to grow better than last year. From the performance of the power plant is good and nothing should happen, together with the Ft and energy prices have decreased in equal proportion. Therefore, it is expected that this year’s earnings will continue to grow well.

While looking at the 70 satang/unit drop in Ft, there will be little impact on margin as the Ft drop is in line with the downward energy trend. Whether it’s gas or coal, together with the Ft that is tied to industrial customers that the company has sold electricity to account for about 30% of the portfolio, and the rest will be sold according to the power purchase agreement type SPP, IPP provides some degree of mitigation.

This year’s production capacity growth will mainly come from Avaada Energy Private Limited (AEPL), a leading renewable energy company in India, in which GPSC holds a 42.93% stake, with nearly 600 megawatts of construction projects this year. Watt expects to realize a profit this year of at least 200 million baht and move forward to expand the clean energy portfolio. both domestically and internationally

At the same time, the Glow Power Plant Project Phase 5 has been able to return to full capacity, the Gheco-1 Power Plant has repaired and improved the efficiency of the generators at full capacity. It can reduce unplanned maintenance. In addition, the company participated in the first round of bidding for renewable energy projects of 5,000 megawatts, obtaining a total capacity of more than 16 megawatts and is also preparing to participate in the second round of renewable energy bidding. with a total production capacity of more than 3,600 megawatts

Currently, GPSC has a capacity of 6,397 megawatts, divided into more than 57% in Thailand, India, Taiwan and Laos, and is expected to increase to 7,974 megawatts in 2025. Therefore, this year’s overall picture will be the year of the company’s recovery.

Government policy section in reducing the electricity bill Nowadays, I follow the news closely. By following the news, it was found that the government may not have a policy to just reduce electricity bills. But looking at the cost structure of natural gas prices that will be used to generate electricity, how should it be? which has many options The way to get gas From what source does it come in to calculate the cost of electricity generation? which the company sees as this will reduce the whole structure By reducing both the cost of energy prices and the reduced FT, which can meet the needs together

At present, the company is also focusing on investments in planned development projects such as SPP projects, Energy Recovery Unit (ERU) and offshore wind power projects in Taiwan. and 4 new Avada power plant projects under development. However, the company has not ruled out M&A deals, which are continuing to study. If it is clear, the company will inform you immediately.

While placing an investment budget over the next five years of approximately 40,000 million baht for investment in projects under construction and maintenance or improvement of various power plants.

Mrs. Sirobol said that the company is still moving forward in battery and value chain strategies together with PTT to support demand for EVs that will continue to grow in the future. In the past, it has invested in Anhui Axxiva New Energy Technology Co., Ltd., China, which will help supply to China with a production capacity of 1GWh, expected to start production by the end of 2023. Co-operation with Gotion Singapore Pte. Ltd. (Gotion ) Chinese entrepreneurs There is an investment to build a Module and pack assembly plant business, with the first phase 1 GWh and an opportunity to expand to 2GWh in the future. Phase 1 is expected to be completed by the end of 2023.

By InfoQuest News Agency (24 May ’23)

Tags: GPSC, Sirobon Boonthavorn, Thai stocks, Global Power Synergy