Banpu seeks power profits | Bangkok Post: business

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Banpu seeks power profits

Hedging against risk of unsteady coal prices

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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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