Ch Karnchang ready to sign up for Nam Bak Power Project in Laos

Ch Karnchang ready to sign up for Bak power project in Laos

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Monday, 22 Jul 2013

CK Power chairman Thanong Bidaya (fourth right) celebrates the company’s first day of trading on the SET with Ch. Karnchang chief executive Plew Trivisvavet (third right) and SET chairman Sompol Kiatphaibool (fourth left).

Ch Karnchang Pic, Thailand’s third largest contractor by market value, is set to sign a development agreement for the THD 17 billion Nam Bak power project in Laos next month.

The signing with the Laotian government in Vientiane on August 8th will pave the way for a concession agreement, with construction due to begin later this year.

The 160 MW plant will be the third hydropower project of holding company CK Power Pic in Laos following the Nam Ngum 2 and Xayaburi projects.

With a capacity of 1,285 MW, Xayaburi is scheduled to operate in 2019.

Ms Supamas Trivisvavet MD of CKP said that the company is studying the possibility of investing in new power projects in neighboring countries with a combined capacity of 1,000 MW.

Ms Trivisvavet said that it plans to have capacity of 2,300 MW in the next 5 to 6 years and more than 4,000 MW by 2023.

However, CKP expects revenue will more than double to THD 5.4 billion this year from 2.5 billion in 2012 thanks to full year revenue realization of Nam Ngum 2 and the new Bang Pa-in co-generation power plant in Ayutthaya.

Ms Supamas comments were made as CKP shares started trading on the Stock Exchange of Thailand yesterday as the first Thai company with core operations abroad to list on the bourse.

Mr Plew Trivisvavet CEO of Ch Karnchang said that the offering supports the growth potential of CKP, which has stable income from long-term power purchase agreements. The company is determined to expand investments in alternative and clean energy.

Source – Bangkok Post



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