Future developments are projected to generate a 2,918.23 MW capacity from 2024 to 2033.
RATCH Group Public Company Limited launched new green projects in Australia, Vietnam, and the Philippines, and the expansion of its non-power and future fuel businesses.
Accordingly, the Thai-based independent energy producer has been negotiating a contingency plan for consistent cash flow and revenue.
For its investment plans for Australia, Vietnam, and the Philippines, covering ten power projects overall, RATCH Group has conducted feasibility studies. It also includes pipelined projects undergoing development. Future projects are expected to hold a 2,918.23 MW capacity from 2024 to 2033.
By March 2024, the company will also pave the way for an additional 459 MW from the Hin Kong combined cycle power plant, Block 1 with 392.70 MW equity capacity, the REN plant, the new Sahacogen plant, and the phase-3 expansion project of Nava Nakorn Electricity plant. With cooperation from Hin Kong Power, the project’s local liquefied natural gas fuel has been acquired through a three-year purchase contract with Singapore-based trader Gunvor Singapore Pte. Ltd. with a yearly supply of 0.5 million tonnes.
“The company is confident that the mentioned plan will help drive business growth and create stable returns for shareholders and stakeholders. Moreover, it will create benefits for society and the environment in the long term,” Choosri Kietkajornkul, CEO of RATCH Group,
Currently, RATCH Group aims to expand to 700 MW capacity annually and reach new markets by balancing greenfield investments to ensure a stable cash flow.