Banpu to post higher revenues<\/p>\n
BANGKOK: Banpu PCL, a Thai coal miner and power producer, expects
\nto post higher sales this year due to rising production from its
\nIndonesian coal mines, the company's chief executive said.<\/p>\n
Banpu's sales this year will likely reach 13 billion baht with
\na net profit around 1.4 billion baht, said Chanin Vongkusolkit
\nlate on Friday.<\/p>\n
In 2002, its sales totaled 10.91 billion baht, with a net
\nprofit of 1.45 billion baht.<\/p>\n
\"Our bottom line this year would be mostly from our operations
\nas we would not have the foreign-exchange gain as recorded last
\nyear,\" said Chanin.<\/p>\n
In 2002, it booked a foreign-exchange gain of 616.3 billion
\nbaht.<\/p>\n
Production from Indonesia coal mines is expected to rise 7
\npercent to 12 million metric tons this year, while production
\nfrom Thai coal mines will stay around 3 million tons, about the
\nsame as last year, said Chanin.<\/p>\n
In 2005, Banpu's sales are expected to rise to 18 million tons
\na year in line with growing coal demand in Asia, he said.<\/p>\n
Chanin said the company is looking at opportunities to operate
\ncoal-fired power plants in India, Indonesia and the Philippines
\nin a bid to add value to its coal business.<\/p>\n
The investment for each project would be in the range of
\nUS$100 million to $300 million, and each project would generate
\n100-300 megawatts of electricity, he said. -- Dow Jones<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/banpu-to-post-higher-revenues-1447893297",
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