Ratch expects new assets to boost revenue in 2022

Published by
The Bangkok Post

Ratch Group Plc, Thailand’s largest private power generator by capacity, expects its revenue to grow by 10-15% next year, thanks to new power stations and asset acquisitions, under a growth plan which will exclude coal-fired power plant projects. Its acquisition of two coal-fired thermal power plants, with a combined capacity of 2,045 megawatts, from PT Paiton Energy in Indonesia, will be its “last” coal-based energy projects due to the government’s commitment to greenhouse gas reduction, said Ratch chief executive Choosri Kietkajornkul. The company will also continue to diversify into healthc…

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