Mr. Sumeth Laksitanon, Chief Executive Officer of Tha Chang Green Energy Public Company Limited (TGE), revealed that according to the company’s strategic plan that aims to be a leader in the renewable energy industry that is friendly to the community and the environment The goal is to expand the installed capacity to more than 100 megawatts (MW) by the year 70 in order to become a leader in the renewable energy industry in Thailand. and to increase the installed capacity to more than 200 MW by the year 75 to become a regional industry leader.
Currently the company It has a total installed capacity of 69.6 MW, consisting of 3 biomass power plants in Surat Thani Province. Which has already produced electricity for commercial sale (COD) with a total installed capacity of 29.7 MW and 5 municipal waste power plants that won bids from local government organizations Total installed capacity of 39.9 MW, namely Ratchaburi, Sa Kaeo, Chumphon, will start COD at the end of 24, while Samut Sakhon and Chainat are expected to COD by the end of 25.
The company plans to expand the power plant business under 5 main strategies that will increase potential and long-term growth, namely:
1. Continuous expansion of investment in power plant projects, which is our core business Including bidding for community waste power plants from local government organizations (LAO) for another 2 projects this year, doing M&A to expand new income channels such as biomass fuel production, wood pallets, etc., studying the use of ash in the process Produced to increase income and increase revenue from the sale of carbon credits At present, TPG biomass power plant in Surat Thani Province Has been registered as a voluntary greenhouse gas reduction project according to Thailand’s standards or T-VER, and has a greenhouse gas emission that has been certified as a carbon credit by the Thailand Greenhouse Gas Management Organization (TGO) at 33,964 tons of carbon dioxide equivalent (tCO2eq). ) In the first year from August 1, 2021 – July 31, 2022, and in the second year, more than 33,000 tons of carbon dioxide equivalent will be certified.
In addition, TBP biomass power plant in Surat Thani Province One more T-VER is in the process of registering and TGE is in the process of registering I-REC as well. expanding new revenue streams And the completion of the sale of carbon credits will significantly benefit growth. It is expected to increase the company’s revenue in 2024 by more than 50% from 2022 with total operating income of 938 million baht.
2. Applying technology and innovation to increase the efficiency of management and operation of electric power generation machines.
3. Portfolio Management By entering into the business of new types of renewable energy power plants, including wind power plants. Solar Power Plant and Biogas Power Plant and other ongoing businesses to balance the portfolio Currently, the main income comes from 3 biomass power plants in Surat Thani province. and is in the process of expanding investment in 5 municipal waste power plants that have won bids from local governments
4. Collaborating with business partners to enhance growth potential
5. Committed to sustainable business operations under ESG principles by focusing on expanding renewable energy power plant projects that are environmentally friendly. along with giving importance to reducing global warming Reduce environmental and climate impacts Reduce energy consumption and greenhouse gas emissions. Including focusing on using resources worthily with social responsibility and adherence to good governance principles, transparency and accountability
“The 5 municipal waste-to-energy power plants that win bids will be the growth drivers for the company in the next 1-2 years. Continue to expand investment By bidding for at least 2 more projects, including considering M&A opportunities, “said Sumeth.
