Thai Rath Edition
25 Nov 2021 05:40
Ms. Yupapin Wangwiwat, Executive Director and Chief Financial Officer of Gulf Energy Development Public Company Limited (GULF), revealed that the company plans to invest 74,000 million baht over the next 10 years. (Years 65-74) to expand investment projects divided into 3 parts: 1. Value 46 billion baht for investment in renewable energy projects such as solar rooftops, wind power and dam power plants in the PDR. Laos, 2.17 billion baht for investing in large power plant projects (IPP) such as Hin Kong Power Plant, Burapha Power Plant and DIPWP Power Plant in Oman 3. Another 11 billion baht for investing in infrastructure projects such as projects Laem Chabang Port Phase 3, Map Ta Phut Port Development Phase 3 (MTP3) and the M6 and M81 Intercity Expressway Project
The source of funds will come from the company’s operating cash flow, loans from financial institutions (banks) and the company’s bonds. The company also aims to increase its revenue from renewables to 30% in ’73 from the current 7-10%.
Ms. Yupapin also said about the business plan for 65 that the revenue is expected to grow around 60% from this year, driven by the commercial power supply (COD) of new projects. For next year, it is expected to use an investment budget of approximately 10 billion baht to invest in projects that are in progress as planned. which does not count with the budget set for making a business acquisition deal which is in the process of negotiating the value 10,000-30,000 million baht at the same time, the company plans to issue debentures for another 20 billion baht early next year to repay the loan that will be used to buy shares of INTUCH and use it to expand the business.
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