Latest news with #SolarRooftop
Bangkok Post
4 days ago
- Business
- Bangkok Post
BGRIM posts B475m Q2 profit
Power Plc (BGRIM) has reported a normalised net profit attributable to the parent company of 475 million baht in the second quarter of this year, as well as 1.22 billion baht for the first six months. Earnings before interest, taxes, depreciation and amortisation tallied 3.73 billion baht, down 4.7% year-on-year for the quarter and 1.2% for the six-month period, said Harald Link, group president of BGRIM. Consolidated net profit attributable to the parent company was 7 million baht, down from 229 million year-on-year, affected by a one-time retroactive payment of gas costs for September to December 2023, higher tax expenses and unrealised foreign exchange losses from the revaluation of outstanding US dollar and other foreign currency debt at the quarter-end exchange rate (non-cash impact). Despite these headwinds, the company's second-quarter performance was supported by a 1.3% year-on-year increase in electricity sales volume to industrial users in Thailand, higher service income related to development fees, increased share of profit from associates and joint ventures, and realised gains from forex. For the second quarter, BGRIM synchronised new industrial users in Thailand totalling 13.8 megawatts, bringing the total to 20.7MW for the first six months of 2025. LNG imported two liquefied natural gas (LNG) shipments in March and April, totalling 130,000 tonnes (6.7 million MMBtu), into the pool gas system to fuel its combined-cycle power plants. BGRIM received five awards at the 15th Asian Excellence Awards 2025, organised by Corporate Governance Asia, a leading financial publication in Hong Kong, highlighting its commitment to good governance, sustainable business practices and long-term value creation. Mr Link said any economic slowdown in the second half of 2025, driven by US import tariffs and weaker domestic consumption, could reduce electricity consumption among industrial estate customers by 5-10% year-on-year. However, he said new industrial user synchronisation, particularly from data centres, which have stable, continuous electricity demand and resilience to economic fluctuations amid the rapid growth of the digital economy, is expected to help offset the impact. Ongoing global trade tensions could also potentially lower natural gas prices, said Mr Link. BGRIM forecasts natural gas prices for small power producers this year at 310-330 baht per million BTU, in line with the 2024 average of 324 baht. The company plans to import up to five LNG shipments into the pool gas system and connect 40-50MW of new industrial users this year. Ongoing projects under construction, scheduled for commercial operation between late 2025 and 2026, include: U-Tapao Solar Power project (Phase 1 – 18MW); INSEE Solar Power project (80MW); Zhongce Rubber Solar Rooftop project (35MW); 386 Solar Rooftop project (18.8MW); Nakwol 1 Offshore Wind Power project (365MW); and ARECO Solar Power Plant (65MW). BGRIM approved an interim dividend payment of 0.18 baht per share for the first half of 2025, with the XD date set for Aug 26 and payment scheduled for Sept 10.
Hindustan Times
31-05-2025
- Business
- Hindustan Times
Over 1,000 SHG women to benefit from loan distribution in Varanasi
Over 1,000 women associated with Self-Help Groups (SHGs) will be benefited from a loan which was distributed in a programme for SHG women at the Rural Self Employment Training Institute (RSETI), Varanasi. The loan distribution programme was held at RSETI. It was organised on the initiative of deputy commissioner self-employment Pawan Kumar Singh and regional head of Union Bank of India Varanasi Shailendra Kumar. On this occasion, Union Bank of India distributed a loan of ₹36,85,000 ( ₹3.68 crore). A demo cheque was symbolically handed over to the women of the group. In the programme, Mamta of Vikaskhand Sevapuri and Mamta of SHG Harhua shared their success stories, highlighting the change and journey in their lives by taking a loan from the SHG. Lead Bank Union Bank of India's Varanasi region head Shailendra Kumar spoke about continuing loan distribution to the women of the group and providing necessary support from the bank. District mission manager Shravan Kumar Singh appealed to the Bank Sakhis to connect more SHG women with livelihood opportunities. On this occasion, Vikram Singh, Rekha Kesari, beneficiaries of Mukhyamantri Yuva Udyam and Solar Rooftop schemes, along with Bank Sakhis and SHG women, were present.
