SCN continues to push the Solar Rooftop business to mai after factories. Parade to install and avoid high electricity cost for ongoing business, NGV and electricity in Myanmar keep moving forward

Mr. Rittee Kitpipit, Chief Executive Officer of Scan Inter Public Company Limited or SCN, revealed that the company is preparing to bring the Solar Rooftop business with both construction contracts. As for the private power purchase project (Private PPA) operating under Scan Advance Power Co., Ltd. (SAP), it has been listed on the Market for Alternative Investment (mai) with the expectation of raising funds of at least 300 million baht. internal structure to make business operations more streamlined

“We expect solar rooftop installations to grow. There is an increase in customers such as the factory has been well received. After the electricity bill tends to increase continuously, SAP has already commercially sold electricity to the system in total of 34 projects with a total capacity of 25 megawatts. It is expected that within the next 2-3 years, this will increase to 55 megawatts.” Mr. Rittee say

For doing business in Myanmar, continue to move forward and receive continuous income. by the progress of Minbu Solar Farm The total installed capacity is 220 megawatts, of which 50 megawatts of the first phase has been commercially distributed (COD) and revenue has been recognized in 2019. The second phase, 50 megawatts, is ready for construction by the end of this year. The investment is expected to be around 2,000 million baht, according to the plan to COD within March 2024. Phase 3 with a capacity of 50 MW and Phase 4 with another 70 MW will be constructed respectively. From the Minbu Power Plant Phase 1, about 700,000 USD per month, if all 4 phases are complete, the company will realize revenue to 3 million USD per month.

For this year, the company targets revenue growth of 30-40% compared to the previous year with a total revenue of 1,832 million baht and a net profit of 342.69 million baht from sales volume of industrial compressed natural gas (iCNG) and natural gas. Liquefied natural gas (iLNG) to customers in various regions increased from the previous year with a delivery contract of 200 tons per day, now increased to 700 tons per day and is expected to increase to 1,000 tons per day by the end of this year. Let the company recognize more revenue. From the current 2-year gas transportation contract worth 500 million baht, the company has prepared various aspects. Especially more than 100 drivers to support the increase in gas delivery contracts.

Source: Thai News Agency