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New Business Development |
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The Company is focusing on developing new businesses, both related to existing businesses and otherwise, to add value to its business and diversify risks to its revenue amid highly dynamic business circumstances and volatile oil prices. Its principle remains the driving of business that focuses on production and marketing with due regard for the environment and benefit to society for security and sustained growth. However, because of the domestic economic downturn in line with the global economic recession of the past year, The Company has revised and refined its business direction and business development plan to prudently suit prevailing circumstances. The year 2009 was a successful one for Bangchak Biofuel Co., Ltd., in managing a biodiesel plant at Amphoe Bang Pa-in, which derived higher investment returns than expected. The year 2010 saw construction under the first phase of a solar power plant project, known by the name Sunny Bangchak, with 38 megawatts in capacity, also located at Amphoe Bang Pa-in of Ayutthaya province. The company signed a loan agreement with the Asian Development Bank (ADB) for Baht 4,200 million. With a commercial operation date in October 2011, the plant will promote Bang Pa-in as a learning center and Thailand’s first tourist attraction for integrated alternative energy. The company plans to invest more in such power generation to reach 120 megawatts or more. Moving toward green energy business, The Company signed a power purchase agreement with the Provincial Electricity Authority, which granted an adder charge of Baht 8 per unit.
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