Thailand-based power producer RATCH Group Public Company Limited has outlined its 2026 business plan under its five-pillar 5S strategy, targeting THB 15 billion in EBITDA and aiming for renewable energy revenue to contribute at least 15% of total revenue.
The company expects to begin recognising revenue in 2026 from two renewable energy projects scheduled to achieve commercial operation. These include a solar farm in the Philippines, with an equity capacity of 71.05 MW, and a hydropower project in Vietnam, with an equity capacity of 5.5 MW.
Focus on Power Plant Efficiency
RATCH said it has made progress across its strategic pillars during the first half of the year, with a particular focus on asset management and investment planning.
As part of its asset management strategy, the company is deploying artificial intelligence-based predictive maintenance systems at its wholly owned RATCH Energy Rayong Power Plant and RATCH Cogeneration Power Plant.
The systems are designed to detect equipment abnormalities and provide early warnings before failures occur. RATCH said the technology is expected to reduce the risk of unplanned outages, improve plant reliability and availability, and lower fuel and maintenance costs while supporting revenue performance.
RATCH Expands Renewable and Gas Power Pipeline
RATCH is preparing to participate in upcoming power project opportunities under Thailand’s Power Development Plan. The company is evaluating renewable energy projects including community solar, solar farms, wind farms and biomass power plants.
It is also considering natural gas-fired generation as a transition energy source to support electricity system stability and security.
In Indonesia, RATCH is exploring investment opportunities under the country’s Electricity Supply Business Plan (RUPTL). The company has prepared an expansion plan for the 1,000 MW Paiton combined-cycle power plant in East Java, citing available land and potential connectivity to the Java–Bali electricity grid.
The company is also conducting feasibility studies for a 200 MW gas-engine expansion project and a 140 MW combined-cycle power and cooling project in Batam.
Data Centre Power Supply Expands
During the first half of 2026, RATCH expanded into the digital infrastructure sector by supplying electricity to data centre businesses.
RATCH Pathana Energy Public Company Limited, in which RATCH holds a 51.67% equity stake, has signed a direct power purchase agreement to supply 60 MW of electricity to a data centre customer at the SAHA Group Industrial Park in Chonburi province.
Separately, the 232 MW Nava Nakorn Electricity Power Plant, in which RATCH holds a 40% stake, has signed power purchase agreements with two data centre customers in the Nava Nakorn Industrial Promotion Zone. The contracted capacities are 48 MW and 20 MW, respectively.
Expansion Into SAF and New Businesses
RATCH is also progressing discussions on a potential investment in a sustainable aviation fuel (SAF) project in Türkiye, which is planned to have an annual production capacity of 100,000 tonnes.
At the Ratchaburi Power Plant site, the company is developing a new business model initially focused on essential utility services, circular economy-related activities and new S-curve businesses.
THB 10 Billion Investment Budget
RATCH has allocated an investment budget of THB 10 billion for existing projects and new investment opportunities in 2026.
“The Company remains committed to advancing its businesses in line with its strategic direction to create sustained economic value and achieve its EBITDA target of THB 15 billion,” said Nitus Voraphonpiput, Chief Executive Officer and President of RATCH Group.
The company said its project pipeline has progressed satisfactorily during the first half of 2026 and that it continues to implement its greenhouse gas reduction roadmap towards its net-zero emissions target.
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