Thailand: Banpu commits $210m as investment outlay for this year

Visual from Banpu website

SET-listed Banpu Plc set aside the budget of $210 million for potential investments from upstream to downstream this year.

Of total, it will spend $117 million on power plant business, $30 million on coal mining business and the rest $63 million on oil and gas business.

The company’s chief executive Somruedee Chaimongkol said that it keeps exploring value-added investments to sustain and balance its future revenue growth from different sources of energy businesses.

Banpu has invested in a second shale gas resource in northeast Pennsylvania, near its first shale gas resource in the United States. This new investment is expected to generate revenue this quarter.

The company’s earnings before interest, tax, depreciation and amortisation increased 15 per cent to $540 million last year. Meanwhile, it reported the net profit of $47 million in 2016, improving from the net loss of $43 million in 2015, as a result of a better balance in coal demand and supply.

“Banpu’s net profit in the fourth quarter stands out, due to the coal price adjustment from a more proportional balance of demand and supply of coal in the market,” she explained.

In 2016, Banpu’s coal sales dropped 3 per cent to 40 million tonnes, as the average selling price in Indonesia was down 10 per cent to $52.4 per tonne and in Australia was up 2 per cent to $67.3 per tonne.

For power plant business, it targets to boost its electricity capacity to 4,300 megawatts by 2025. Of that, at least 20 per cent will come from renewable-energy power plants.

Also read:

Thailand: Banpu Power to repay debt; Thai Union buys entire shares of TUFP

Thai-listed Banpu to acquire solar power plants in China for $93m

Thailand’s coal mine Banpu acquiring shares in US-based Chaffee Corners JEA for $112m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.