Thai renewables firm BCPG looks homeward for US$1b spending budget

Singapore

BCPG, the renewable energy spin-off of Thailand's Bangchak Corp plans to invest US$1 billion over the next five years with 40 per cent of that planned for domestic power projects after years of overseas spending, the company's president said in an interview on Wednesday.

BCPG previously spent US$1 billion over the past two years mainly on geothermal projects in Indonesia, solar power in Japan and wind generation in the Philippines. The company's focus will shift to Thailand, with a particular focus on constructing small, self-contained power grids known as microgrids.