Banpu seeks power profits
Hedging against risk of unsteady coal prices
- Published: 16 Mar 2013 at 00.00
- Newspaper section: News
The SET-listed Banpu Plc, Asean's leading coal miner, plans to increase its investment in the power sector in a bid to lower risks stemming from volatile coal prices.
Chief executive Chanin Vongkusolkit said the company expects to lift its profit from power business to 30-40% of Banpu's earnings from almost 20% last year.
"We will probably increase investments in countries such as Thailand and its neighbours," he said, adding that Banpu will either develop projects from scratch or purchase existing assets.
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