PTT Raises Investment Plan for 2023 to THB93.3 Billion

PTT Public Company Limited (SET: PTT) upped its investment plan for the year 2023 on Wednesday, from THB33,344 million to THB93,598 million, in order to provide more financial backing for its subsidiaries and joint ventures.

The following are the details for the revision of PTT’s investment plan for 2023:

Such revision is mainly from the adjustment of investment in wholly owned subsidiaries e.g. the capital investment to support the joint venture of PTT LNG Company Limited in LNG receiving terminal 2 project and the investment expansion in electric vehicle value chain business mainly from the electric vehicle manufacturing plant of Horizon Plus Company Limited and the battery manufacturing plant of Arun Plus Company Limited. Meanwhile, the investment in other core businesses to ensure national energy security still proceed as planned e.g. Gas Separation Plant unit 7 to replace GSP unit 1, Bang Pakong–South Bangkok Power Plant Transmission Pipeline project, 5th Onshore Pipeline.