RATCH Group allocates over $400m for expansion in 2025

This will include target markets, such as Australia, the Philippines, and Vietnam.

RATCH Group Public Company Limited has allocated $445.23m (THB15b) to fund its new investments and ongoing projects this year.

This is in line with the company's enhanced strategic plan and business direction for 2025, with a focus on diversifying its energy portfolio amongst others.

Under its latest strategy, RATCH aims to expand its portfolio across fossil fuel power projects, new platforms for energy technologies, and energy infrastructure. Specifically, the investment will focus on renewable energy to expand the company’s current 12 projects with approximately 1,700 megawatt (MW) equity capacity spread across Australia, the Philippines, and Vietnam.

"In addition to realigning its asset portfolio, RATCH Group is striving for investment expansion by exploring renewable energy projects and operating conventional power plants with power purchase contracts expiring no later than 2050 in Thailand and overseas, to secure steady revenue and ensure returns for shareholders consistently,” said RATCH Group CEO Nitus Voraphonpiput.

Three projects are expected to commence commercial operations, namely the Nava Nakorn expansion project, the Song Giang 1 hydropower project in Vietnam, and the NPSI solar power plant in the Philippines. It is also driving progress in new energy studies, especially on green hydrogen, small modular reactors, and energy storage systems.

RATCH Group currently has a 10,815 MW equity capacity in total, including 7,843 MW (72.5%) from fossil fuels, and 2,972 MW (27.5%) from renewable energy. It aims to increase clean power capacity to 30% and 40% of total capacity in 2030 and 2035 respectively.