Bangkok 10 February – GPSC announces net profit for 2023, totaling 3,694 million baht, along with setting goals for 2024 to increase the portfolio of future energy innovations. Support customer needs
Mr revealed Worawat Pittayasiri, CEO and President of Global Power Synergy Public Company Limited or GPSC, PTT Group’s electricity business innovation leader, that the company’s 2023 operating results have Total net profit was 3,694 million baht, an increase of 2,803 million baht or 314% from the previous year. From increasing the efficiency of production management Controlling production costs and focusing on maximizing benefits. As a result, the gross profit of large power plants (IPPs) is at a good level. and the operating results of the small power plant group (SPP) can continue to grow. Combined with the electricity price factor being able to better reflect the cost of energy prices from the previous year, the margin from selling electricity to industrial customers began to increase accordingly. In addition, this year the company has focused on managing lower operating costs (OPEX Savings Program) and from the commitment to expand investment, leading to the company being able to realize a profit share from the Solar platform business from Avada Energy Private Limited (AEPL) ) in India, more than 300 million baht of increasing commercial operations of projects In addition, in 2023 AEPL Can win the request for more than 5 gigawatts of new production capacity, which will be able to gradually increase commercial operation.
For operating results in the 4th quarter of 2023, compared to the same period last year (YoY), total revenue was 18,319 million baht, while total net profit was 478 million baht, an increase of 209%, with’ r main factor comes. o Electricity that better reflects energy costs In addition, the volume of electricity sold to industrial customers increased In addition, some income was recognized from insurance compensation from Gheco-One power plants. and Sriracha Power Plant. Compared to the 3rd quarter of 2022 (QoQ), net profit decreased by 73%, mainly due to a decrease in operating results in the SPP division, together with a decrease in total electricity and steam sales from certain industrial customers. r best for maintenance during the 4th quarter of 2023. However, the company’s profit share from the offshore wind business Changfang and Xidao (CFXD), Taiwan, increased from higher electricity sales for a full quarter from all 12 plant wind turbines
Mr Worawat said it is still necessary in 2024 to keep an eye on risk factors of the uncertainty of the conflict situation in the Middle East. It may affect the direction of world energy prices, but the company is preparing to expand its clean energy business and other innovative businesses. within the country and the target country Its aim is to seek opportunities and expand in the battery pack and cell business, energy storage systems (ESS) as well as Energy Management System to be in line with the company’s strategy for sustainable growth.
From creating efficiencies in production management Together with Synergy operations and operating cost management. Willing to seek investment opportunities to expand the energy innovation portfolio domestically and abroad. Moving forward to increase the share of renewable energy In accordance with the direction of the world’s energy .511 .-Thai news agency
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