SET-listed Ratch Group Plc, Thailand's second-largest private power producer by capacity, expects to increase its power production capacity to 12,460 megawatts by 2030, from 9,801MW at present.
The new capacity will come from 18 projects, including fossil fuel and renewable energy development, across Southeast Asia.
Choosri Kietkajornkul, chief executive of Ratch, said the company expects to see additional capacity from power generation facilities in the second quarter of this year.
They include 2,045MW from the Paiton coal-fired power plant in Indonesia.
Ratch is a major shareholder in PT Paiton Energy, which runs this power plant.
Ratch's renewable power project in Vietnam is also scheduled to operate in the second quarter.
The US$65 million Eco Wind Farm has an electricity generation capacity of 29.7MW. The facility was awarded a power purchase agreement, lasting 21 years.
Ms Choosri said she expects the firm's revenue to grow by 10-15% this year, mainly driven by its expansion of electricity generation capacity.
The company expects 2024-2025 to be the time when it will see rapid growth due to the commercial operations of power generation facilities, including gas-fired power plant facilities, with a combined capacity of 417MW and the 59.6MW Ben Tre Wind Farm in Vietnam.
The firm plans to expand its power generation capacity from renewable energy. It aims to have renewable fuel make up 25% of total fuels by 2025, up from the current 15%.
It wants to increase the number to 40% by 2035 in line with the government's plan to reduce carbon dioxide emissions.
In the non-power business, Ratch's monorail projects -- Pink Line and Yellow Line -- in Bangkok and Samut Prakan will also start operations in the second quarter.
Ratch, together with Bangkok Mass Transit System Plc and Sino-Thai Engineering and Construction Plc, co-invested in the monorail system development.
