Thai Bangchak to Invest in Solar Power

10 August 2010 (Last Updated August 10th, 2010 18:30)

Thailand's Bangchak Petroleum PCL plans to invest over THB10bn ($312m) to build solar power plants for 120MW as part of a drive to expand into green energy. Bangchak has not disclosed any time frame for the investment, but plans to focus on renewable energy and to become a carbon-neutra

Thailand's Bangchak Petroleum PCL plans to invest over THB10bn ($312m) to build solar power plants for 120MW as part of a drive to expand into green energy.

Bangchak has not disclosed any time frame for the investment, but plans to focus on renewable energy and to become a carbon-neutral firm in the next three to five years, according to Reuters.

Bangchak plans to build its first solar power plant in collaboration with China's Suntech Power at a cost of THB5bn ($156m) in the central province of Ayutthaya, Thailand.

The 38MW power plant is expected to start operations in October 2011.