Banpu Power posts 100% net profit rise in 2016
Banpu Power Plc has reported its 2016 business performance, with its net profit of Bt4.13 billion, a significant increase on the Bt2.07 billion it posted in the previous year. With its strong financial status, Banpu Power has affirmed its strategic plan in operating conventional and renewable power generation businesses throughout Asia-Pacific to achieve a power generating capacity of 4,300 megawatt electrical, of which at least 20 per cent will be a renewable base, by the end of 2025. Voravudhi Linananda, chief executive officer of Banpu Power, said its operating results in 2016 reflected the company’s steady growth. The significant increase in net profit compared to 2015 came from the increasing contribution from the full commercial operations of Hongsa Power Plant in Laos since the first quarter last year.
