BCPG acquires “A” TRIS Rating with a stable outlook from stable earnings and a well-diversified power portfolio
BCPG Public Company Limited, a leading renewable energy company in Thailand and Asia-Pacific, was affirmed an “A” company rating with a “stable” outlook by TRIS Rating, reflecting stable revenue reliability from the Company’s well-diversified power portfolio.
According to Niwat Adirek, President and CEO of BCPG, TRIS Rating affirmed the Company at A with a stable outlook. The A rating represents BCPG as a core subsidiary of Bangchak Corporation Public Company Limited (BCP) in supporting strategies of the Group, as well as the Company’s stable revenue stream from diversified green power plants and a decent cash flow for new investments to fill the adder gap.
“Since the beginning of this year, we have invested more than THB 30,000 million in new projects, namely, oil terminal in Thailand and natural gas power plants in the United States. These projects could operate at a high level of efficiency without the risk of revenue and cost fluctuations. We also continue to develop renewable energy power plants domestically and internationally: 10-MW solar power plants in Japan, 467-MW solar power plants in Taiwan, the 2nd phase of wind power plants in the Philippines, and a wind power plant in Laos to sell electricity to Vietnam”, said Niwat.