{"id":47431,"date":"2021-11-17T21:48:56","date_gmt":"2021-11-17T14:48:56","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=47431"},"modified":"2021-11-17T21:50:03","modified_gmt":"2021-11-17T14:50:03","slug":"banpu-power-reports-strong-cash-flow-in-q3-2021","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/banpu-power-reports-strong-cash-flow-in-q3-2021\/","title":{"rendered":"Banpu Power reports strong cash flow in Q3\/2021"},"content":{"rendered":"\n

Banpu Power Public Company Limited\u00a0(BPP), a leading power-generating company with a balanced portfolio from both thermal power businesses\u00a0and renewable power businesses across the Asia-Pacific region,\u00a0has reported its continuous growth from the synergistic integration and business ecosystem within Banpu group. It included success from the investment in the gas-fired power plant, Temple I, in the U.S., and the revenue recognition of Nakoso IGCC power plant in Japan which started in Q3\/2021. <\/p>\n\n\n\n

As for the results of Q3\/2021, the Company\u00a0reported its Earnings Before Interest, Taxes, Depreciation and Amortization\u00a0(EBITDA)\u00a0of Bt534 million and net profit of Bt597 million, with the strong cash flow allowing the Company to be ready to seek investment opportunities to achieve the target of 5,300\u00a0MWe by\u00a02025. <\/p>\n\n\n\n

BPP places emphasis on operating its business while adhering to\u00a0Environmental, Social and Governance (ESG) principles. This is proven by the list of Thailand Sustainability Investment (THSI) on which BPP has been included as sustainable stock for the 4th<\/sup>\u00a0consecutive year and the Rising Star Sustainability Awards from the Stock Exchange of Thailand (SET).\u00a0<\/strong><\/p>\n\n\n\n

Kirana Limpaphayom, Chief Executive Officer of Banpu Power Public Company Limited<\/strong>, said BPP\u00a0has\u00a0continuously sustained growth and stability in the power generation and distribution of all of our power plants. Despite\u00a0the\u00a0challenges from rising fuel costs, it could manage them efficiently. <\/p>\n\n\n\n

HPC power plant in Lao PDR had completed the planned maintenance to increase the operation efficiency to be reliable and stable. BLCP power plant in Thailand has maintained its reliability of power distribution. HPC and BLCP power plants had an Equivalent Availability Factor (EAF) of 75% and 99% respectively. <\/p>\n\n\n\n

As for the Nakoso power plant in Japan\u00a0which is the most efficient power plant in the thermal power plant group. It has achieved Commercial Operation Date(COD)\u00a0earlier in the first half of this year and the Company started to recognize the\u00a0shared\u00a0profit for the first time in\u00a0Q3\/2021, which helped\u00a0strengthen and increase its cash flow. <\/p>\n\n\n\n

For the solar power plants in Japan and China, they continued to maintain the power distribution efficiency despite unfavorable weather conditions. <\/p>\n\n\n\n

Recently, BPP has successfully\u00a0completed in investment\u00a0in Temple I gas-fired power plant in the U.S. and is going to immediately recognize the revenue in 4Q\/2021. <\/p>\n\n\n\n

It is a confirmation of success in leveraging the business ecosystem within Banpu group, which has a strong energy production base such as the Barnett shale in Texas, underlining our strategic investment in quality assets in line with the Greener & Smarter strategy.<\/p>\n\n\n\n