Latest news with #CKPower
Bangkok Post
3 days ago
- Business
- Bangkok Post
CKPower Profit Soars on Hydropower Gains and Lower Costs
Bangkok, August 13, 2025 — Building on strong momentum from the first quarter, CKPower Public Company Limited (SET: CKP)—one of the region's largest producers of electricity from renewables with one of the lowest carbon footprints—reported continued growth in operating performance for the second quarter and first half of 2025. The company and its subsidiaries posted a Core Net Profit of Baht 353.0 million in Q2 and Baht 416.3 million for the six-month period, up by Baht 204.3 million or 137.4% year-on-year and Baht 509.2 million or 548.1% year-on-year, respectively. These results, announced by Managing Director Mr. Thanawat Trivisvavet, underscore the company's sustained profit expansion across the first half of the year. The improved performance for Q2 and 1H 2025 was driven primarily by higher average water inflows to the Xayaburi Hydroelectric Power Plant compared to the same period last year, and lower financing costs at Xayaburi Power Company Limited (XPCL) following global interest rate cuts. This led to a significantly higher share of profits from associate companies. Meanwhile, revenue from electricity sales at Nam Ngum 2 Power Company Limited (NN2) dipped slightly in Q2 and 1H 2025 despite higher sales volumes, due to the Thai Baht's appreciation affecting NN2's tariff, which is partly denominated in US dollars. Mr. Thanawat noted that NN2 recorded cumulative water inflows of 1,315 million cubic metres in 1H 2025—45.2% higher year-on-year—resulting in a 14.7% increase in electricity declarations from January to August. XPCL also experienced stronger water flows year-on-year, enabling full-capacity operation since late June. For Q3, the expected seasonal rise in water inflows at both hydro plants, coupled with reduced financing costs following policy rate cuts in the United States in late 2024 and Thailand in 1H 2025, is expected to provide a further boost to performance in 2H 2025. Meanwhile, construction of the Luang Prabang Hydroelectric Power Project (LPCL) reached 53% completion as of June 2025, in line with schedule. As of June 30, 2025, CKPower's total assets had increased by 4.7% from year-end 2024, supported by continued investment in LPCL, the strong performance of XPCL, and proceeds from the company's Baht 5 billion Green Debenture issuance in June 2025. The net interest-bearing debt-to-equity ratio remained low at 0.56 times, while the interest coverage ratio stood at 6.11 times, underscoring robust financial health and prudent debt management. 'Over the years, CKPower has navigated challenges arising from natural conditions and global economic volatility affecting interest rates and natural gas prices. Through effective management, technology adoption, and our highly skilled workforce, CKPower has remained agile in adapting to changing circumstances. Moving forward, CKPower will continue to expand its renewable energy portfolio, focusing on both hydro and solar power, alongside innovations to improve energy efficiency and promote conservation across its value chain—reaffirming our commitment to achieving net-zero greenhouse gas emissions by 2050,' concluded Mr. Thanawat.
Korea Herald
07-08-2025
- Business
- Korea Herald
CKPower Shines Bright With Dual Wins at the Asia Responsible Enterprise Awards 2025
BANGKOK, Aug. 7, 2025 /PRNewswire/ -- CK Power Public Company Limited (CKPower) is a leading renewable energy producer that has recently received two prestigious awards at the Asia Responsible Enterprise Awards (AREA) 2025 for the Social Empowerment and Green Leadership categories. This recognition highlights CKPower's strong commitment to sustainable development, community well-being, and environmental stewardship, demonstrating its dedication to integrating environmental, social, and governance (ESG) principles into its operations. The company's winning ESG project under the Social Empowerment category is "Hinghoi Project; Firefly "The Power of a Little Light that Warms the Heart.", a sub-project of CKPower's flagship CSR initiative, The Hinghoi Project, which was originally launched in 2016. This project utilizes CKPower's expertise to provide clean electricity and essential utilities to communities near its power plants and in remote areas of Thailand and Lao PDR. Focusing on "Renewable Electricity for Better Quality of Life" and "Co-Creating Innovations to Enhance Opportunities for Communities", this project has supplied 100,330 watts of renewable energy, reduced 106,464 kg of CO₂ emissions annually, empowered 9,513 individuals through knowledge transfer, established 25 learning centers, enhanced 62 public services, and generated THB 844,350 in supplementary income through innovation co-creation. By 2026, the project aims to deliver 150,000 watts of renewable energy, educate 20,000 youth, and generate at least THB 1.3 million in community income. Besides that, CKPower's innovative "Hinghoi for Preserving and Restoring Natural" project earned it AREA's Green Leadership recognition. Implemented at the Xayaburi Hydroelectric Power Plant in Lao PDR, this initiative converts on-site food waste into high-quality organic soil conditioners. This circular economy approach has transformed 4,811 kg of food waste, reduced 4,450 kg of CO₂-equivalent emissions, empowered 284 individuals with environmental knowledge, and led to five communities adopting pesticide-free farming, generating an average supplementary income of THB 3,174 per household. CKPower plans to expand this project, aiming to educate 444 individuals, reduce 1,316 kg of CO₂ emissions annually, and establish five environmental network partnerships by 2026. These awards reinforce CKPower's position as a regional leader in renewable energy, dedicated to achieving 95% renewable capacity and Net Zero emissions while fostering resilient, inclusive, and sustainable communities. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit for more information. About Asia Responsible Enterprise Awards (AREA) The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit
Bangkok Post
04-08-2025
- Business
- Bangkok Post
CKPower's Hinghoi Wins for Social, Green Impact
CK Power Public Company Limited (CKPower, SET: CKP), one of the region's largest producers of electricity from renewables with one of the lowest carbon footprints, has been honoured with two major regional accolades at the Asia Responsible Enterprise Awards (AREA) 2025. The awards mark the company's fourth consecutive year of recognition for its strong commitment to supporting society and communities surrounding its power plants. CKPower received awards in the Social Empowerment category for 'Hinghoi: Renewable Energy for a Better Quality of Life' and the Green Leadership category for 'Hinghoi: Preserving and Restoring Natural Resources'. The company also earned the prestigious Silver Emblem of Sustainability, reflecting its consistent commitment to sustainable business practices under its CSR Strategy Framework 2022–2026. Mr Thanawat Trivisvavet, Managing Director of CKPower, stated that under the CSR Strategy Framework, the company has implemented the Hinghoi Project for eight consecutive years and advanced the Waste to Value project since 2022. 'By leveraging our engineering and environmental management expertise, we help develop communities around our power plants in both Thailand and the Lao PDR. Our goal is to enhance quality of life through increased access to renewable energy, while conserving natural resources and creating new economic opportunities,' he said. To date, CKPower has provided communities with a cumulative total of 100,330 watts of renewable energy, educated 9,513 teachers, community leaders, and youths on renewable energy, and raised environmental awareness among 4,377 local residents. The Waste to Value project has converted 4,811 kilograms of organic food waste into soil conditioners, avoiding 4,450 kgCO₂e in emissions and benefiting 284 individuals through eco-friendly agriculture and education. Looking ahead, CKPower aims to expand Hinghoi across Thailand and the Lao PDR, increasing renewable energy access to 150,000 watts, educating over 20,000 youths, and launching three community-based products to generate an estimated THB 1.3 million in local income by 2026. The Waste to Value project also plans to grow its partner network from three to five collaborators to strengthen organic farming and environmental innovation. 'CKPower remains committed to both projects while promoting employee volunteerism, clean energy innovation, and job creation,' Mr Thanawat added. 'Just like the light of a single firefly may be small, together, that light can create meaningful change in society
Bangkok Post
29-07-2025
- Business
- Bangkok Post
CKPower honored with AREA Awards for fourth consecutive year
CK Power Public Company Limited (CKPower, SET: CKP) has won two major regional accolades at the Asia Responsible Enterprise Awards (AREA) 2025 in , recognition of its strong commitment to supporting society and communities surrounding its power plants. The company was honored in the categories of Social Empowerment and Green Leadership for its projects: 'Hinghoi: Renewable Energy for a Better Quality of Life' and 'Hinghoi: Preserving and Restoring Natural Resources' projects. In addition, CKPower received the prestigious Silver Emblem of Sustainability, acknowledging its outstanding performance and unwavering commitment to sustainability across all dimensions. This marks the fourth consecutive year that CKPower has been recognized at the AREA award, underscoring its dedication to leveraging the capabilities of its personnel to foster social and community development around its power plants. It also reinforces the trust and recognition the company has earned across Asia for its sustainable business practices, driven by its CSR Strategy Framework 2022–2026 for Social Value Creation. The Asia Responsible Enterprise Awards (AREA) are organized by Enterprise Asia, a leading non-profit organization that seeks to champion social outreach and promote capacity building among for entrepreneurs across the region to sustainable economic development. At the award ceremony held at the Athenee Hotel, Ms. Tuangporn Bunyasaranand, Assistant Managing Director – Corporate Communication and Sustainability Management at CKPower, accepted the awards on behalf of the Company, joined by members of the CKPower team.
Bangkok Post
18-07-2025
- Business
- Bangkok Post
CK Power earns regional recognition from FinanceAsia
CK Power Plc, a leading renewable energy producer in Southeast Asia, has been awarded the Bronze Award for Best Managed Company in the Asia's Best Companies Poll 2025 by FinanceAsia, a financial publication based in Hong Kong. The recognition underscores CKPower's effective corporate management, strong investor confidence, and commitment to sustainable growth across the region. The annual poll evaluates Asia's top-performing companies based on input from fund managers, analysts, investors, and financial experts. Key criteria include corporate strategy, transparency in investor relations, consistent growth, and resilience in a dynamic economic environment. Thanawat Trivisvavet, managing director of CKPower, said the award reflects the company's commitment to good governance, transparency, and long-term sustainability. 'This accolade reinforces our ability to maintain stability amid global uncertainties and energy transition challenges,' he said. 'Our success is driven by the C-K-P strategy: Clean Electricity, Kind Neighbour, and Partnership for Life.' Under this strategy, CKPower aims to achieve 100% renewable energy consumption within its operations by 2043, with more than 95% of its installed capacity to be from renewables. The company has committed to reaching net-zero greenhouse gas emissions by 2050. It also prioritises community engagement, human rights, and ethical business conduct, while fostering inclusive and sustainable development. Looking ahead, CKPower plans to scale up its renewable energy portfolio, focusing on both hydropower and solar. This includes expanding solar capacity through private power purchase agreements and government auctions, with support from the sale of Renewable Energy Certificates (RECs).
