Thachang Green Energy (TGE), the SET-listed biomass power plant developer and operator, is preparing to build four waste-to-energy power plants this year to boost its revenue once public hearings on the projects are completed.
The power plants, which use community waste as fuel, can help local officials deal with garbage, but their construction is first required to pass public consultation.
The Energy Regulatory Commission will give final approval to the projects following the public hearings.
The facilities, which will sell electricity to the Provincial Electricity Authority, the state power distribution arm, under power purchase agreements, will be located in Sa Kaeo, Chai Nat, Ratchaburi and Chumphon provinces.
If things go smoothly, the plants will start commercial operations between the fourth quarter of 2025 and the first quarter of 2026.
The projects are expected to be a key source of revenue in 2027 when TGE plans to rack up 3.5-3.7 billion baht, up from 949 million last year, said chief executive Seubtrakul Binthep.
"We believe each plant can earn between 200 and 400 million baht a year when they are in full operation," he said.
The company expects its revenue to stand at 1.1 billion baht this year.
The development cost of each project is estimated at 0.95-1.3 billion baht.
Up to 75% of the money will come from loans from financial institutions while the remainder will come from other sources, including profits and funds raised during the company's earlier initial public offering scheme.
TGE is waiting for the result of an auction of three waste-to-energy projects in Ubon Ratchathani, Prachin Buri and Samut Sakhon.
The company aims to increase its power generation capacity to 200 megawatts, up from 36.7MW at present.