RATCH Group Prepares Investment Plans in Thailand and Indonesia, Allocates THB 10 Billion Investment Budget, Two Renewable Energy Projects Scheduled to Commence Commercial Operations This Year

Nonthaburi - RATCH Group Public Company Limited has outlined its 2026 business plan under its 5S strategy to drive the Company’s continued growth. The Company has set an EBITDA target of THB 15 billion and aims for renewable energy revenue to account for at least 15% of total revenue. This year, the Company expects to begin recognising revenue from two renewable energy projects scheduled to commence commercial operations: a solar farm in the Philippines with an equity capacity of 71.05 MW and a Vietnam-based hydroelectric power plant with an equity capacity of 5.5 MW.

Mr. Nitus Voraphonpiput, Chief Executive Officer and President of RATCH Group Public Company Limited, said that over the past six months, the Company had made progress across several areas under its five strategic pillars, particularly in asset management and investment planning. In asset management, the Company has focused on enhancing power plant efficiency through the use of artificial intelligence to develop predictive maintenance systems at its wholly owned RATCH Energy Rayong Power Plant and RATCH Cogeneration Power Plant, the small power producer (SPP) plants. The system is installed to detect and provide early warning of equipment abnormalities before actual damage occurs, thereby reducing the risk of unplanned outages and improving the power plants’ reliability and availability. This also helps reduce fuel and maintenance costs while enhancing the plants’ revenue-generating performance.

On the investment, the Company is preparing to invest in new power projects in line with Thailand’s Power Development Plan. It intends to participate in bidding for a broad range of renewable energy projects, including community solar, solar farms, wind farms, and biomass power plants, and natural gas-fired power generation, which serves as a transition energy source supporting the stability and security of the country’s electricity system. To prepare for these opportunities, the Company has been identifying suitable project sites and assessing currently available technologies. The Company is also exploring investment opportunities under Indonesia’s Electricity Supply Business Plan, or RUPTL. It has prepared an expansion plan for the 1,000 MW Paiton combined-cycle power plant in East Java, which offers both sufficient land and strong potential for connection to the Java–Bali electricity grid. In addition, the Company is conducting feasibility studies for a 200 MW gas-engine capacity expansion project and a 140 MW combined-cycle power and cooling project in Batam.

During the first half of the year, the Company expanded into the digital sector by supplying electricity to data centre businesses. Its 51.67% equity-owned subsidiary, RATCH Pathana Energy Public Company Limited, which has an installed capacity at 154.2 MW has signed a direct power purchase agreement to supply 60 MW of electricity to a data centre customer located in SAHA Group Industrial Park in Chonburi province. Meanwhile, 232 MW Nava Nakorn Electriciyy Power Plant owned by RATCH 40% owned reached power purchase agreements with two data centre customers in the Nava Nakorn Industrial Promotion Zone, with contracted capacities of 48 MW and 20 MW, respectively. The Company has also made progress in negotiation concerning a potential investment in a sustainable aviation fuel (SAF) project with an annual production capacity of 100,000 tonnes in Türkiye. In parallel, it is developing a new business model for the Ratchaburi Power Plant site, initially focusing on essential utility services, circular economy-related  and new S-curve businesses.

“The Company remains committed to advancing its businesses in line with its strategic direction to create sustained economic value and achieve its EBITDA target of THB 15 billion. We have allocated an investment budget of THB 10 billion for existing projects and new investment opportunities. Our project pipeline has made satisfactory progress during the first six months of the year, while we continue to advance our greenhouse gas reduction roadmap towards achieving net-zero emissions,” Mr. Nitus said.