Ratchaburi Electricity Generating Holding (RATCH) on Tuesday announced a net profit of Bt5.42 billion for the first nine months of the year, up 69 per cent from the same period last year thanks to its business expansion overseas and increased capacity aimed at driving overall growth.
Chief executive officer Kijja Sripatthangkura described the listed power company’s operating performance in the first three quarters as “impressive”.
Five domestic investment projects have been concluded this year: a fossil-fuel power plant, two renewable-power projects, and the Pink and Yellow line monorail projects.
In consequence, the projects will greatly strengthen RATCH’s revenue generation from independent-power-producer (IPP) assets, renewables, and power-related and new business, Kijja said.
This year, the proportion of revenue from IPP, renewables and related businesses will be around 84 per cent, 8 per cent and 5 per cent, respectively.
As power and energy-related business as well as other businesses are prioritised, many potential opportunities in various sectors in Thailand and overseas – such as fuel supply, infrastructure, telecommunications, power plant and biotechnology – are being studied as investment possibilities, the CEO explained.
A decision on the biotechnology project will likely be concluded this year, following the company’s joint-venture investment in monorail business, he added.
RATCH posted revenue of Bt11.937 billion, excluding energy payments, for the first nine months, with 70 per cent deriving from electricity sales and financial-lease income – together worth Bt8.321 billion.
Profit-sharing from joint ventures brought in another Bt2.87 billion, or 24 per cent of revenue.
RATCH currently has a recognised equity capacity of 7,379.13 megawatts equivalent, divided into 6,495.51MW equivalent of commercial capacity, and 883.62MW equivalent from projects under construction and development.
Besides Thailand, the company operates power businesses in Laos, Australia, China and Indonesia.