IPP
, Thailand
Photo by CKPower.

CKPower suffers $12.6m net loss in Q1

Its revenue declined by 7.3% YoY to $68.4m.

CK Power Public reported a net loss of $12.6m (THB461m) in the first quarter, expanding from the $9.8m (THB357m) net loss in the same period last year, due to the lower average weather inflow in the Xayaburi Hydroelectric Power Plant.

In a statement, CKPower also attributed the net loss to the higher finance costs of the Xayaburi plant due to the increasing global interest rates and a share of foreign exchange loss from the translation of the US dollar-denominated loan based on the share in the Luang Prabang Hydroelectric Power.

ALSO READ: Consortium to develop wave-powered microgrid in Thailand

CKPower CEO Thanawat Trivisvavet said that the net loss is in line with the trend of the seasonal water levels which are at their lowest in the first quarter.

The company’s revenue declined by 7.3% year-on-year to $68.4m (THB2.5b) due to lower revenue from electricity and steam sales from the Bangpa-in Cogeneration Limited because of the lower average natural gas price and lower retail fuel tariff.

Its gross profit, on the other hand, rose by 20.5% to $15.3m (THB560m) due to the higher reserved water levels and inflows at the Nam Ngum 2 Hydroelectric Power Plant.

$1 = THB36.55

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!