WHA Utilities and Power (WHAUP), a leading provider of utilities in Thailand, is set to acquire new wind and solar power generation facilities in Vietnam with a capacity of 50-100 megawatts. The move is aimed at capitalizing on the increasing energy demand in Vietnam.
The company’s chief executive, Somkiat Masunthasuwun, revealed that the asset acquisition plan is expected to be finalized by the end of this year. WHAUP aims to leverage these new assets to expand its operations in Vietnam, taking advantage of the opportunities presented by the country’s eighth national power development plan (PDP 8).
The plan allows for the development of both fossil and renewable fuel-based power plants, with a capacity exceeding 150 gigawatts. With a focus on wind power, WHAUP is determined to seize this business opportunity.
Mr Somkiat also highlighted the company’s projected revenue growth, which is expected to increase by 150% to 7 billion baht by 2027, primarily driven by their efforts in combating climate change and the contributions of their businesses in Vietnam and Thailand.
WHAUP has allocated 18.5 billion baht to support its power and water businesses from 2023 to 2027. In terms of its water business, the company foresees a 15% increase in total water sales, reaching 168 million cubic meters this year, with sales in Thailand estimated at 135 million cubic meters and sales in Vietnam expected to reach 33 million cubic meters.
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 is set to acquire wind and solar power generation facilities in Vietnam, with a capacity of 50-100 megawatts, to meet the growing energy demand. The company aims to leverage these assets to expand its operations in Vietnam under the country's national power development plan. WHAUP anticipates significant revenue growth and is allocating substantial funds to support its power and water businesses. Additionally, the company expects a boost in water sales in both Thailand and Vietnam.){kind=link}