BCPG readies Bt8.6 bn to sustain growth ambitions

Corporate February 22, 2019 01:00

By   THE NATION

BCPG and its subsidiaries plan to invest as much as Bt8.6 billion to maintain business growth this year, the energy producer’s president and chief executive officer Bundit Supianchai said yesterday.



 

He said the company was planning to ensure sustained growth in 2019.

Production from a wind power plant in Nakhon Sri Thammarat, with a total installed capacity of 10 MW, is planned for the second quarter of this year.

Towards the end of this year, commercial operations will start on CMU Smart City-Clean Energy, a 12 MW joint project between BCPG and Chiang Mai University.

Bundit said the company was committed to delivering high value, while creating wealth for shareholders and a sustainable future for all.

“BCPG is striving for expansion through clean energy businesses both domestically and internationally, particularly in Asia-Pacific, as well as focusing more on retail business to produce and deliver clean energy directly to consumers,” Bundit said.

“Additionally, the company is transitioning into retail market with ‘energy as a service’ models bringing in innovation to provide consumers with options to produce clean energy by themselves at a lower cost.”

The company and its subsidiaries announced their operating results for 2018, gaining a total net profit of Bt2.21 billion, which marked a 25 per cent increase from the previous year.

 The main contributor was the profit from solar assets monetisation to an infrastructure fund in Japan, along with the good performance of solar power plants in Thailand and Japan. 

The company posted earnings per share of Bt1.11, compared with Bt0.89 per share in 2017. 

In addition, the BCPG announced a dividend payment from the net profit in the fourth quarter of 2018 at Bt0.16 per share, which is equal to Bt0.64 per share or Bt1.27 billion in total.

 The company will inform shareholders who have the right to receive the dividend on the record date of March 6, while the payment is scheduled for April 22.

 The XD (exclude dividend) sign will be posted on March 5 and the annual general meeting will take place on April 9.