{"id":149769,"date":"2025-03-12T20:02:29","date_gmt":"2025-03-12T13:02:29","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=149769"},"modified":"2025-03-12T20:02:32","modified_gmt":"2025-03-12T13:02:32","slug":"bpp-reported-a-net-profit","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/bpp-reported-a-net-profit\/","title":{"rendered":"BPP reported a net profit of 1,746 million baht"},"content":{"rendered":"\n

Banpu Power PCL (BPP), reported solid performance for 2024, maintaining stable operations across all power plants while leveraging technology to reduce CO2 emissions. Notably, its power plants in China successfully lowered carbon emissions beyond regulatory benchmarks, generating additional revenue of nearly THB 90 million from the sale of carbon emission allowances (CEAs). Meanwhile, the company is preparing Temple I and Temple II gas-fired power plants in the US to capitalize on the strong upward trend in forward power prices within the ERCOT (Electric Reliability Council of Texas) market, which are expected to nearly double in 2025. Additionally, electricity demand in the US is projected to grow at a compound annual growth rate (CAGR) of 15\u201317% by 2030, driven by increased investment in data centers. Texas, in particular, ranks as the second-largest hub for data center expansion in the US.<\/p>\n\n\n\n

Issara Niropas<\/strong>, CEO of Banpu Power PCL (BPP), <\/strong>stated, \u201cBPP continues to drive growth according to the \u2018Beyond Quality Megawatts\u2019 approach, prioritizing a balanced and robust portfolio that goes beyond power generation capacity expansion. This approach enhances the company\u2019s flexibility in identifying new growth opportunities while ensuring stable long-term cash flow. <\/p>\n\n\n\n

Over the past year, our gas-fired power plants, Temple I and Temple II in Texas, USA, have maintained consistent operations, despite lower average electricity prices due to unfavorable temperature and weather conditions compared to the previous year. However, we anticipate power prices to rise in 2025, in line with the evolving energy tech landscape and increasing electricity demand in the US. Furthermore, BPP has implemented hedging risk management measures using financial derivatives for both power plants. In 2025, the company expects a 40% increase in cash flow from these measures compared to 2024. Additionally, we see significant revenue potential in China from the CEAs trading in our coal-fired power plants.\u201d<\/p>\n\n\n\n

\u201cIn parallel, BPP is accelerating the expansion of its renewable energy and other energy-related businesses (Renewables+), reinforcing its energy value chain through strategic investments in large-scale battery energy storage systems (BESS) and energy trading. These initiatives will drive the company\u2019s \u2018new S-curve\u2019 growth while integrating digital technology and AI to enhance operational efficiency,\u201d Issara added.<\/p>\n\n\n\n

In 2024, BPP reported total revenue of 25,827 million baht and a net profit of 1,746 million baht, with EBITDA (earnings before interest, taxes, depreciation, and amortization) from normal operations reaching 7,383 million baht. The company maintained a low debt-to-equity (D\/E) ratio of only 0.49x. Key business highlights for the year include:<\/p>\n\n\n\n