Ratch Group Plc, Thailand's largest private power producer by capacity, expects revenue to grow by 10-15% next year, mainly driven by its expansion of electricity generation capacity.
Additional capacity will partly come from Ratch's newly acquired assets -- Nexif Energy Holdings BV and NXF Holdings 2 Co -- which hold stakes in 24 energy-related facilities, both in operation and under construction, said Choosri Kietkajornkul, chief executive of Ratch.
They include renewable power plants, a gas-turbine power station, a combined cycle gas-fired power plant and battery energy storage system projects in Thailand, Australia and the Philippines.
In 2023, five power plants operated by Nexif in Australia, Thailand and Vietnam are scheduled to start operation. They have a combined capacity of 450 megawatts.
Another source of revenue will come from a 15MW Eco Wind Project in Vietnam, scheduled to start operating in the second quarter of next year, and a gas-fired power plant in Pathum Thani slated to start operation on Nov 24.
Ratch also expects to rack up revenue from its wood pellet production plant in Laos's Champasak province.
The facility, with capacity of 100,000 tonnes a year, is scheduled to start operation in the second quarter of next year.
Ratch's total power generation capacity stands at 9,939MW.
Ms Choosri said the company plans to buy more assets in countries with potential energy development projects in Asia-Pacific, using capital spending worth 10-15 billion baht allocated for next year.
Ratch wants to focus more on renewable energy by increasing its proportion to 25% of total fuels within 2025, up from 15% at present.
The company aims to ramp up its proportion to 40% by 2035.
The plan is in line with the government's efforts to reach carbon neutrality, balancing carbon dioxide emissions and absorption by 2050.
In the non-power business, she said the company expects to earn revenue from the Yellow and Pink monorail system in Bangkok and Samut Prakan, which are scheduled to start operation next year.
Ratch formed a joint venture to develop these two projects.
