Bangchak details restructuring drive

SET-listed Bangchak Corporation is restructuring its businesses to boost its revenue and follow the global energy consumption trend that still depends on fossil fuels.

- YUTHANA PRAIWAN

The company sees the importance of hydrocarbon fuels in driving the economy and, at the same time, is aware of a growing need for renewable energy.

But renewable power plants are facing intensifying competition which leads to lower revenue, said Chaiwat Kovavisarach, chief executive and president of Bangchak.

This has caused the company to plan for investment projects on the development of infrastructure for power plants, he said, adding that the infrastructure business is one component of Bangchak’s five-point business restructuring plan.