{"id":141728,"date":"2024-11-13T14:15:14","date_gmt":"2024-11-13T07:15:14","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=141728"},"modified":"2024-11-13T14:16:30","modified_gmt":"2024-11-13T07:16:30","slug":"banpu-power-q32024","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/banpu-power-q32024\/","title":{"rendered":"Banpu Power reports stable revenue in Q3\/2024"},"content":{"rendered":"\n

Banpu Power Public Company Limited (BPP), reported stable Q3\/2024 operating results with total revenue of THB 1,134 million and EBITDA (Earnings before interest, taxes, depreciation, and amortization) of THB 2,266 million. Net profit, however, decreased by THB 965 million, or 46%, compared to the same quarter in the previous year. The primary factors were the appreciation of the baht and milder weather in the United States, which, unlike last year, did not see severe heat waves. The result is an impact on electricity demand and prices, causing the volume of electricity sales and prices to decrease. Despite these challenges, BPP remains committed to strong cash flow generation and maintaining a low debt-to-equity (D\/E) ratio.<\/p>\n\n\n\n

Issara Niropas<\/strong>, CEO of Banpu Power Public Company Limited (BPP), stated, \u201cAlthough BPP faced headwinds this quarter due to the stronger baht against the US dollar and lower electricity demand from milder weather, our thermal power plants continued to reinforce our financial strength. With stable electricity generation and distribution across the BLCP power plant in Thailand, the HPC power plant in Lao PDR, combined heat and power (CHP) plants in China, and the twin Temple I and Temple II power plants in the US, BPP continues to unlock value from existing assets, expand quality power capacity, and lower carbon emission in alignment with the energy transition.\u201d<\/p>\n\n\n\n

The last quarter saw significant developments as follows<\/h3>\n\n\n\n