Thailand's CK Power prepares 2.8 GW of fresh renewables by 2024

• Thai power producer and also representative CK Power PCL (BKK: CKP) plans to more than dual in size over the following three years by including some 2.8 GW of eco-friendly power producing capacity.

Taking care of supervisor Thanawat Trivisvavet specified that the business plans to construct six power plants in Thailand as well as the region to hit 4.8 GW of cumulative capacity by 2024.

"All of our new installed capacity will certainly be based on renewables, including solar power, hydro power and wind power," he stated, including that CK Power aims to create three new renewable resource ventures in 2 nations outside of Thailand.

Trivisvavet believes that within 5 years, the firm's solar power capacity will certainly be boosted more than ten-fold to 300 MW, while wind farms will certainly get to 700 MW. This indicates that then, some 95% of the firm's overall electricity producing capacity will certainly be based on renewable sources.

According to the director, CK Power is currently well-positioned for the future when it comes to financials and has a strong balance sheet with consistent cash flows from long-lasting power purchase agreements (PPAs).