Mrs. Sirobol Boonthavorn, Senior Manager of Corporate Finance and Investor Relations, Global Power Synergy Public Company Limited (GPSC), said that the outlook for 2Q22’s operating results is expected to begin to see a recovery. The main supporting factor comes from the Glow Enerygy Phase 5 power plant operating at full capacity since the beginning of March. after renovation where there will be more electricity to feed customers in Map Ta Phut Industrial Estate and pushing profit (margin) for the company to increase by an average of 150 million baht / month There is also an increase in FT in the period May-August. 65 which helped to support the 2Q22 operating performance and partially offset the high cost of gas and coal, which are high power generation costs.
At the same time, there is also recognition of profit sharing from investment in Avaada Energy in India, which has continuously COD of electricity. As a result, the company realized a share of profits. In addition, Avaada Energy had a refinance, causing the cost of finance to decrease from 9% to 7%, resulting in increased profits.
For the price factor, the cost of electricity from gas and coal is high. It is also a factor that depresses the overall performance of the company in the first half of the year. But I think that the trend of the cost of electricity in the second half of the year may begin to gradually decline somewhat from the first half of the year. This is still a factor that the company continuously monitors. because there is still uncertainty in the situation of external factors
However, the company expects positive factors in terms of FT in the second half of this year, which is expected to increase by the end of this year around 0.65 satang / unit and this year 66 is likely to increase. More than 1 baht/unit to compensate for the costs of entrepreneurs who faced the high cost of electricity generation in the past. But in terms of electricity demand, it has begun to see a steady recovery in a better direction. In the past 1Q12, the Company’s electricity sales volume has grown by 6% and is expected to continue to grow. And thus the company expects its performance in the second half to see better growth in the first half.
As for the power plants under construction that the company has invested in, the progress that will be clear this year is the SPP Glow Energy Phase 2 power plant with 192 megawatts of electricity generating capacity. At present, construction has progressed more than 73%. COD is expected to be available in 4Q22. The Energy Recovery Unit (ERU) project with a capacity of 250 megawatts is currently almost 79% completed. COD is expected to be available at the end of this year or early ’66.
The deal to acquire a 25% stake in the offshore wind power plant project. Total capacity of 595 megawatts, 20-year power purchase agreement with Taiwan Power Company, adding 149 megawatts of renewable energy to the company. It is expected to see clarity of the deal during this year 65.
and investment in a battery factory jointly with ARUN PLUS, a subsidiary of PTT Plc. (PTT) Construction of a NOVA Battery factory with a capacity of 30 megawatts of battery, expected to start producing batteries by the end of this year. It will study how to use batteries in electric vehicle (EV) platforms that ARUN PLUS manufactures and look forward to expanding production capacity to gigawatts in the future.
By InfoQuest News Agency (23 May 65)
Tags: GPSC, Sirobol Boonthavorn, Thai stocks, Global Power Synergy