In 2022, Banpu continues to grow the business in accordance with the Greener & Smarter strategy in its 3 main business groups – Energy Resources, Energy Generation and Energy Technology, in order to accelerate the transition towards greener energy portfolio and energy technology businesses to capture the future energy trends.
The key operating directions for the 3 core groups of businesses are as follows:
- Energy Resources Group –Mining business focuses on production optimization and cost rationalization to maximize values and explore the feasibility of investment in strategic minerals to enhance the energy technology group.
- Gas business continues to focus on capturing price fly-ups through production ramp up with capex flexibility to maximize cash flow generation transition and pursue midstream and power opportunities accretive and synergistic to upstream gas assets. The strong cash flow generated from the Energy Resources Group will be used to invest in growing greener and smarter energy portfolio.
- The Energy Generation Group – focuses on maximizing plant efficiency while seeking opportunities to invest in new assets utilizing High Efficiency, Low Emissions (HELE) technology. For renewable energy business, Banpu aims to maximize efficiency of operating assets while ensuring on-time commissioning of developing projects, as well as grow and diversify renewables portfolio in high-growth regions, as well as regions with Banpu presence such as the U.S. and Southeast Asia.
Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited revealed that
The overall performance of energy business in 2021 reflected an economic and industrial recovery from the COVID-19 crisis that was in line with a global energy demand.
Banpu managed to generate strong cash flow from both rising energy prices and rapid adaptation of business strategy to keep up with the changes.
It was also a year of massive growth in greener energy portfolio expansion by constantly investing in several energy assets acros the key strategic countries including Japan, Australia, the United States and Vietnam.
Given the strong confidence of shareholders and investors in both local and international markets, the company achieved tremendous success from the offering of capital increase shares and debentures, leading to stronger financial stability to facilitate the acceleration of the Banpu Transformation process.
“We have also made remarkable progress in sustainable development by establishing the Environment, Social and Corporate Governance (ESG) Committee to help drive ESG operations to achieve the goals, as well as garnering awards and recognitions for sustainability from several national and global institutions,” said Somruedee.
Sales revenue totaled US$4,124 million (approximately Bt131,861 million) with EBITDA of US$1,778 million (approximately Bt556,846 million), an increase of 216% from the previous year and net profit of US$304 million (approximately Bt9,719 million), an increase of 643% compared to the last year.
