World

Thailand's largest coal miner buys gas-fueled power plant in US

Thailand's biggest coal mining company Banpu has invested 430 million USD to acquire a 100 percent stake in a large-scale gas-fired power plant in the US, hurrying to move away from its main business, which has a large environmental impact, to a green business.
Bangkok (VNA) - Thailand's biggest coal mining company Banpu hasinvested 430 million USD to acquire a 100 percent stake in a large-scalegas-fired power plant in the US, hurrying to move away from its mainbusiness, which has a large environmental impact, to a green business.

The company acquired the power plant in Texas from Temple Generation Iand signed the contract on August 10. The transaction is expected to be completedby the fourth quarter of 2021.  

Banpu also invested 770 million USD in December 2019 to acquire a shalegas operation in Texas. It can provide gas to the power plant that the companybought in Texas at competitive prices.

The investment is part of the company's business plan to gogreener.
Somruedee Chaimongkol, Banpu's chief executive officer, said that thecompany would gradually cut the role of the coal business and instead shiftbusiness resources toward natural gas and renewable energy. The company is aimingto have low-carbon green businesses contribute more than half of overall incomeby 2025.

Banpu's power plant in Texas is a combined cycle gas-fired power plantwith generating capacity of 768 MW and started commercial operation in July2014. With the new investment, the company's total equity-based capacity willtotal 3,300 MW from 34 gas-fired, co-generation and renewable power plants inThailand and abroad./.
VNA
#Thailand #coal mining #Banpu #gas-fired power plant #Texas #Temple Generation I #renewable energy #green business #Vietnamplus #Vietnam News Agency Thailand United States
Follow VietnamPlus

Related News

Thailand predicted to see zero growth this year

Thailand predicted to see zero growth this year

Kobsak Pootrakool, senior executive vice-president at the Bangkok Bank (BBL), has predicted the Thai economy to see zero growth at best this year, as increasing COVID-19 infections are expected for at least another 2-3 months and the tourism industry will not recover in the fourth quarter as projected.
Japan supports Thailand in promoting green technologies

Japan supports Thailand in promoting green technologies

Japan pledged to increase support for Thailand in promoting carbon neutrality to help the Southeast Asian country rebuild its economy which is being affected by the COVID-19 pandemic, the Japanese Ministry of Foreign Affairs said in a statement on August 11.

See more

Governor of National Resilience Institute (Lemhannas) Ace Hasan Syadzily during a press conference on the 2025 Jakarta Geopolitical Forum in Jakarta, June 23, 2025. (Photo: ANTARA)

Indonesia navigates energy security in fragmented geopolitical landscape

An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.

World Bank Country Director for Indonesia and Timor-Leste, Carolyn Turk speaks at the launch of the Indonesia Economic Prospects in Jakarta on June 23. (Photo: ANTARA)

Indonesia’s economy remains resilient amid global strains

Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.

At the signing ceremony (Photo: the Malaysian Ministry of Investment, Trade and Industry - Bernama.com)

Malaysia signs economic partnership deal with EFTA

The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.

Malaysia bolsters energy collaboration

Malaysia bolsters energy collaboration

The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.

A Massive fire destroys oil storage facility in Malaysia. (Photo: VNA)

Massive fire destroys oil storage facility in Malaysia

The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.

Children participate in a game at the ASEAN Family Day 2025 (Photo: VNA)

ASEAN Family Day in New York spreads regional identity

Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.

Malaysian police and servicemen in an excercise. (Photo: Bernama)

Malaysia: 500 security personnel to be deployed for ASEAN meetings

Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.