ENERGY
Bangchak Petroleum Plc (BCP), the majority state-owned refinery and retailer, expects its earnings before interest, tax, depreciation and amortisation (EBITDA) from renewable energy will nearly triple to 30% in the next six years from 12% last year.
President Anusorn Sangnimnuan said Bangchak plans a huge long-term investment of 20 billion baht in renewable energy from 2012-17 including solar farms and ethanol/biodiesel production.
The lion's share, 15.4 billion baht, will be used for solar farms, for which the company holds licences from the Energy Ministry for combined capacity of 118 megawatts.
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About the author
- Writer: Yuthana Praiwan
- Position: Business Reporter
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