Headline: EGAT to sign a PPA with GULF and CKP for two hydroelectric dam projects in Lao PDR
The Electricity Generating Authority of Thailand (EGAT) is set to sign a power purchase agreement with Gulf Energy Development Plc. (SET: GULF) and CK Power Plc. (SET: CKP) for a total installed capacity of 2,300 megawatts from two hydroelectric dams in Lao PDR: Pak Beng and Luang Prabang. Meanwhile, GULF expects to complete a 1,000-megawatt hydroelectric dam project in Lao PDR this year, after the Energy Policy and Planning Office (EPPO) approved an increase in the framework for energy procurement from 9,000 to 10,500 megawatts.
Headline: 5 contractors are scheduled to sign a THB80 billion contract for the MRT Purple Line today
The signing ceremony for the THB82 billion MRT Purple Line is slated for today (March 11), following the Mass Rapid Transit Authority of Thailand (MRTA)’s approval of construction contracts for five leading contractors. Ch. Karnchang Plc. (SET: CK) joined Sino-Thai Engineering and Construction Plc. (SET: STEC) to acquire two contracts worth THB35 billion. Italian-Thai Development Plc. (SET: ITD) acquired two contracts worth THB16.6 billion, plus a joint venture with Nawarat Patanakarn Plc. (SET: NWR) won one contract worth THB15 billion. Meanwhile, Unique Engineering and Construction Plc. (SET: UNIQ) acquired one contract worth THB14.9 billion.
Headline: Finance Ministry will make a decision on the eastern water pipeline management project
The Finance Ministry is set to meet with the Ratchaphatsadu Land Committee on March 14 to decide whether to move forward or delay the eastern water pipeline management project worth THB25 billion. Vongsayam Korsang Co., Ltd. said that if the project is delayed, both the public and private sectors will suffer.
Headline: SCC expects a 10% increase in revenues this year, despite increased input costs
The Siam Cement Plc. (SET: SCC) stated that it is prepared to deal with higher input costs, which will affect all three of the company’s main businesses: chemicals-cement, construction materials, and packaging, following the rise to USD130 per barrel in oil prices. Sales are predicted to increase 10 percent in 2022.
Headline: MINT is expected to return to profit this year
Minor International Plc. (SET: MINT) closed higher yesterday (March 10) as Thailand moves closer to declaring COVID-19 endemic by the middle of the year. MINT is expected to generate a net profit of THB1.6 billion in 2022 as its hotel and restaurant operations recover. Meanwhile, Airports of Thailand Plc. (SET: AOT) and Asia Aviation Plc. (SET: AAV) are anticipated to profit from foreign tourists’ return.
