TPCH eyes options as wood chip prices rise Company considers other renewable fuels

TPCH eyes options as wood chip prices rise  Company considers other renewable fuels

TPCH’s wood chip-fired power plant, with a capacity of 9.9MW, in the southern province of Satun.

Higher prices for wood chips are causing TPC Power Holding Plc (TPCH), a renewable power generation arm of Thai Polycons Plc, to carefully manage their usage for its biomass-fired power plants in the deep South.

Wood chips are agricultural leftovers and there is usually a surplus during a cropping season.

Strict control of wood chip stocks is needed during the off-season, while a stockpile is accumulated during the cropping season, said Cherdsak Wattanavijitkul, managing director of TPCH.

A shift to careful wood chip management came as the company saw its net profit decline by 38% during the first half of this year to 109 million baht, down from 179 million baht year-on-year.

Mr Cherdsak said the company also plans to use various kinds of crops as fuel for power plants during the off-season to avoid high wood chip prices.

TPCH is conducting a study and running a pilot project to grow “energy crops” such as bamboo and napier grass for fuel.

Napier grass, also known as elephant grass for its great height, is a type of fast-growing plant suitable for use as a biomass fuel.

“We are trying to grow bamboo and napier grass on an industrial scale and conducting research into appropriate management of fuels,” said Mr Cherdsak.

TPCH is operating 10 biomass-fired power plants, with a total capacity of 107 megawatts. Five of them, with a combined capacity of 47MW, are in the deep South.

The company is developing another three power projects: two biomass-based facilities in the southernmost provinces of Yala and Pattani, and a waste-to-energy power plant in Nonthaburi.

All three of them, with installed capacity of 122MW, are expected to go online in the fourth quarter of this year or the first quarter of next year.

The company estimates the amount of electricity sold to the Provincial Electricity Authority will grow by 60% to 740 million kilowatts-hour (KWh), up from 460KWh last year.

The amount is expected to increase to 897KWh next year.

Mr Cherdsak said TPCH has also qualified for an Energy for All renewable scheme auction.

Energy for All promotes co-investment between companies and communities in biomass and biogas-based power generation projects.

The company is proposing 10 projects, with 36MW in total capacity, for the bidding. Eight of them use biomass fuels while another two use biogas.

The results of the auction are expected to be announced on Sept 23.

TPCH intends to increase its power generation capacity to 250MW by 2025, up from 107MW at present.

Internet Explorer Channel Network
News Related

OTHER NEWS

Dispute management office recovers $13m in owed salaries, compensation for wrongful dismissal

SINGAPORE – Employees who made claims for owed salaries or wrongful dismissal between April last year and March this year managed to recover $13 million in total from their employers. ... Read more »

Top 4 Indian firms to hire 1.6 lakh freshers in FY22

The top four Indian IT companies – TCS, Infosys, Wipro and HCL Tech – have doubled their hiring targets for 2021-22 to 1.6 lakh freshers, as demand surpasses supply with ... Read more »

Second-hand brand name seller uses AI system to detect fakes with 99% accuracy

Komehyo initially focused on Louis Vuitton products before covering goods from five major brands, including Chanel, Hermes, and Gucci. Komehyo Holdings Co., a leading seller of second-hand brand-name goods, is ... Read more »

Hong Kong stocks slip as China's economic reports dent risk appetite while tech firms struggle on regulatory concerns

Hong Kong stocks slipped as risk appetite waned after a government report showed China’s economy slowed more than market expected last quarter while manufacturing cooled amid a power crisis. Tech ... Read more »

Tesla CEO Elon Musk sparks Shiba Inu cryptocurrency surge with single tweet

Elon Musk has yet again shown the power of a single tweet. The Tesla CEO posted a text art image of the Japanese dog Shiba Inu/joke cryptocurrency with a rocket ... Read more »

Cryptocurrency Prices Today on October 18: Bitcoin, Dogecoin rise; Ethereum slightly falls

Bitcoin | Representative image Cryptocurrency prices continue to be in a mix of red and green on October 18. The global cryptocurrency market cap is Rs 187.57 lakh crores, a 0.92 percent ... Read more »

Buzzing Stocks: HDFC Bank, Avenue Supermarts, HCL Tech and other stocks in news today

Results on October 18 | UltraTech Cement, Larsen & Toubro Infotech, Route Mobile, Alok Industries, Concord Drugs, Craftsman Automation, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Hatsun Agro Product, International ... Read more »

BJP national office-bearers to meet today; Polls, farmers' protests may be discussed

Representational image. The BJP‘s national office bearers will meet on Monday to discuss a host of issues ranging from the upcoming five state assembly polls to the farmers‘ agitation and ... Read more »

Gujarat govt allows Eid-e-Milad processions on October 19 with certain curbs in view of coronavirus

Other names included in Bhupendra Patel’s cabinet are former state BJP President Jitu Vaghani, Rushikesh Patel, Raghavji Patel, Purnesh Modi amond others. (File image of Bhupendra Patel taking oath as ... Read more »

China Q3 GDP growth hits 1-year low, raising heat on policymakers

China’s economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic COVID-19 outbreaks and raising heat on policymakers amid ... Read more »

Congress high command will decide on CM after 2023 polls, every one will abide by it: Siddaramaiah

Siddaramaiah Senior Congress leader Siddaramaiah on Sunday said the party high command will decide on its chief minister after winning the 2023 assembly polls in Karnataka, and whomever they name, ... Read more »

Daily Voice | Markets may see 5-8% correction soon but Sensex may hit 200,000 by 2030: Gaurav Dua of Sharekhan

Gaurav Dua, Head Capital Market Strategy at Sharekhan by BNP Paribas, believes it would not be a surprise if the benchmark indices correct by 5-8 percent since the markets have ... Read more »

Hong Kong muscles in on Singapore's China stock futures monopoly

SINGAPORE (BLOOMBERG)- Hong Kong is starting futures contracts that make it easier for international investors to bet on mainland Chinese stocks, intensifying rivalry between the city’s bourse and its Singapore ... Read more »

Yuvraj Singh arrested in alleged casteist remarks case, released on bail: Haryana police

The Haryana Police said cricketer Yuvraj Singh was arrested and released on bail in an alleged casteist remarks case in compliance with a high court order. The Haryana Police said ... Read more »

Facebook will hire 10,000 European engineers to create metaverse

This investment is a vote of confidence in the strength of the European tech industry and the potential of European tech talent, the company said Read more »

Mitsubishi Motors Thailand opens new outlet in Lat Kra Bang-King Kaew, Bangkok

Mitsubishi Motors (Thailand) Co., Ltd. has continued to advance its dealer network expansion drive and strengthen its presence in Bangkok by opening a new outlet. The outlet is designed to ... Read more »

Rocco Valentine's Creative Collaborations Lead to Success

Photo: David Gannon As one nostalgic school time saying goes, “teamwork makes the dream work.” While it is altogether up to an individual to accomplish their goals on their own, ... Read more »

Kerala Lottery Result: 'Winwin W-638' lottery winners to be announced at 3 pm

Kerala had set up India’s first lottery department in 1967. Kerala Lottery Result: The Kerala State Lottery Department will announce winners of the ‘Winwin W-638’ lottery on October 18 at 3 pm ... Read more »

Data Scientists Issue Reports on Growth of Cloud-based Marketing Techniques

Several unconnected groups of data scientists have recently issued reports regarding the growing role of the cloud as it applies to marketing practices. As marketing campaigns have grown increasingly more ... Read more »

Economists Admit SaaS Firms Represent Growing Segment of Economy

Though a number of prominent economists have noted the importance of organizations that use the software-as-a-service model of doing business, new reports are starting to indicate that the exact value ... Read more »

US Secretary of State Antony Blinken discusses Afghanistan with Qatar

US Secretary of State Antony Blinken spoke with Qatari Deputy Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman Al-Thani about Afghanistan on Sunday, the U.S. State Department said. ... Read more »

Slideshow | Quarterly earnings to drive markets; Nifty may move to 18,500-18,750: Experts

Indian markets ended higher in the truncated week ended on October 14, achieving new milestones with the Sensex crossing 61,000 and Nifty surpassing 18,300 for the first time. In the ... Read more »

5 Ways to Invest your crypto gambling winnings

Gambling with cryptocurrency instead of fiat money has become a trend in recent times. Of course, nothing makes gambling worth the time, aside from the possibility of winning big. Nevertheless, ... Read more »

Ashok Gehlot expresses happiness over resumption of power production in some thermal plants

Rajasthan Chief Minister Ashok Gehlot Rajasthan Chief Minister Ashok Gehlot on Sunday expressed happiness over the resumption of power production in some of the closed units of Suratgarh, Kalisindh and ... Read more »

There's a shortage of bouncers - and nightclub bosses fear it could put public safety at risk

The Night Time Industries Association has said a long-term decline in security resources has been "hugely exacerbated by the pandemic" - with many licensed staff leaving the sector for jobs with better hours and choosing not to return. Read more »

How new blockchain, cryptocurrency rules can give Hong Kong an investment edge

Change is coming for Hong Kong’s digital asset markets with the Legislative Council likely to consider new regulation governing blockchain and cryptocurrencies soon. The momentum has been building for five ... Read more »

Fields of Entertainment Raised During Quarantine

The Covid-19 pandemic is one great disaster the world will never forget. Everyone alive during this terrible period will live to tell the tales of how the pandemic ravaged the ... Read more »

Hong Kong-listed ETFs expected to benefit from Greater Bay Area growth, upcoming connect scheme

Exchange-traded funds in Hong Kong are expected to see strong growth because of the development potential of the Greater Bay Area, growing interest among investors and a new cross-border trading ... Read more »

Slash Business Expenses in The Digital Age

Written by: James Carnell As an entrepreneur, you have certainly discovered that keeping expenses at a minimum is half of what makes your company profitable. A difficulty arises in that ... Read more »

Meet The Minds Behind Y-Split: The Best Splitting App In The Market

Written by: James Carnell Splitting bills, utilities and shared expenses might be a nightmare for many. Imagine having dinner in a restaurant with your friends, paying for subscriptions with a ... Read more »

10,111 new Covid cases, 63 deaths

Shoppers flock to the Future Park shopping mall in Pathum Thani on Sunday after the government eases Covid-19 restrictions. (Photo: Apichit Jinakul) Thailand logged 10,111 new Covid-19 cases and 63 ... Read more »

'Halloween Kills' does just that at N.America box office

This file photo from September 8, 2021 shows actress Jamie Lee Curtis at an out-of-competition screening of ‘Halloween Kills’ at the Venice Film Festival in Italy LOS ANGELES: It's that ... Read more »

China can ‘contain' economic, financial risks posed by Evergrande crisis, central bank chief says

People’s Bank of China (PBOC) governor Yi Gang said authorities can contain risks posed to the Chinese economy and financial system from the struggles of China Evergrande Group. The property ... Read more »

Women from Philippines, Hong Kong and China account for higher than global average when it comes to investing in stock markets

Hong Kong and China have a higher than global average of female stock investors, with both places ranking among the top 10 in a survey of 123 markets. Hong Kong ... Read more »

Singapore-based operator to launch maiden data centre in Batam

The new data centre, Nongsa One, will be located at the empty plot of land behind the buildings with white roofs. SINGAPORE – Data Center First, a Singapore-based company, announced ... Read more »

NZ tech firm says 'no jab, no meeting', introduces $1200 vaxx incentive for customers

Wellington tech company Raygun is offering $1200 worth of services free for new clients – as long as they can prove they are fully vaccinated. That’s the carrot. There’s also ... Read more »

Tesla's record price doesn't tell the whole story

At Tesla, they want nothing more than to continue the extraordinary year 2020. Despite the corona pandemic, which halted production at the US plant in California for almost two months, ... Read more »

Three tests for China stock investors as slowdown in GDP, earnings and trading divide analysts seeking signs of policy capitulation

Stock traders are facing several key moments in the coming weeks in a test for risk appetite. China’s economy is slowing together with corporate earnings and onshore trading volume while ... Read more »

Helping managers manage in a hybrid world Leaders need to coach managers in creating an environment of shared wisdom to inspire their teams

As organisational leaders, it is important to remember we are not just managers of managers but also responsible for helping our managers and team leaders evolve with the changing times. ... Read more »

Chiang Mai readies for high season Province hopes to see signs of recovery

Local tourists enjoy a weekend visit to Chiang Mai’s Wat Phrathat Doi Kham. (Photo: Dusida Worrachaddejchai) Following the easing of Covid-19 restrictions on Sept 1, the tourism sector in Chiang Mai ... Read more »