PTT Budgets ฿102Bn for 5-Year Plan, Aiming to Reach 12,000MW of Renewable Energy by 2030

PTT Public Company Limited (SET: PTT) notified to the Stock Exchange of Thailand (SET) that PTT’s Board of Directors at the Meeting on 16 December 2021 has approved the five-year (Year 2022–2026) investment plan of PTT and its wholly owned subsidiaries in an aggregate amount of THB102,165 million, details are as follow:

Source: PTT, The Stock Exchange of Thailand

PTT has invested in the core businesses to ensure national energy security which are accounted for 65% of PTT’s total five-year investment plan with the key projects include Gas Separation Plant (GSP) unit 7 to replace GSP unit 1, GSP unit 8 (Liquefied Natural Gas (LNG) Extraction for Ethane and LPG with Ethane storage and Receiving Facilities to  enhance its Ethane import capacity), Bang Pakong–South Bangkok Power Plant Transmission Pipeline project, 5th Pipeline, and the investment through its wholly owned subsidiaries i.e. LNG receiving terminal 2 (Nong Fab), Map Ta Phut Industrial Port Development Phase 3,and Laem Chabang Port Phase 3 project.

Additionally,  PTT has prepared provisional capital expenditure for the next 5 years amounting to THB238,032 million mainly for the investment expansion into new businesses to align with PTT’s vision “Powering life with future energy and beyond” with the focus on clean energy businesses toward a low-carbon society i.e. investment in renewable energy to achieve PTT group’s renewable energy target of 12,000 megawatts within year 2030, Electricity Value Chain project, Life Science (Pharmaceutical, Nutrition, and Medical device & Diagnostics) to drive Life Science business in Thailand and the ASEAN as well as the investment in Logistic and Infrastructure businesses. Furthermore, there is investment in gas business which is the transition fuel with the focus on the expansion of the pipeline network (subject to government approval) and the investment in LNG value chain both in Thailand and overseas.