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Article Excerpt
PROJECT OVERVIEW:
Thailand-based BANPU PCL is currently planning to expand its coal and power business in China. In so doing, the company is proposing to invest between $150,000,000 and $200,000,000 over the next 5 years which will include commitments of at least $20,000,000 per year from now onwards.
According to Chanin Vongkusolkit, BANPU Chief Executive Officer, his company's investment will amount to a minimum of around $150,000,000. In so doing, BANPU is considering investing in 2 or 3 coal mine projects in Shanxi province in the middle region of China. A decision regarding these projects is expected to be made some time this year.
As things currently stand, the company is developing its first coal mine in China through an affiliate. The Daning 1 project, which is expected to start operating in mid-2005, will have a production capacity of 4.5 million metric tons a year. In addition, BANPU also plans to acquire or build power plants in areas around coalmines in China. To finance its future investments the company can reportedly use cash flow from operations or seek new loans.
BANPU has a total employment of some 1,100 and acts as a holding company engaged in the coal mining and power generation sectors.
COPYRIGHT (Cr) World Wide Projects (WWP) 2004 The data contained in this report may not be reproduced, redistributed and/or put into an information retrieval retrieval system without the prior written permission of the publisher. Companies that have multiple users are invited to take advantage of our highly discounted Site License.
KEY PROJECT CONTACTS:
Chira Panupong, Chairman Soonthorn Vongkusolkit,...
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