Bangkok--21 Jun--PTT
Mrs. Arawadee Photisaro, Senior Executive Vice President, Corporate Strategy, PTT Public Company Limited, reveals that the Board's resolution on June 20th, 2019, approves the investment plan of PTT and subsidiaries of 100% shareholding. The total capital budget for the investment plan in 2019 will increase 33.196 Billion Baht from 70.501 Billion Baht to 103.697 Billion Baht.
The increase of 2019 investment adjusted from previous plan aims to support PTT subsidiaries' business expansion in electricity business and renewable energy. It also emphasizes on infrastructure business, such as, Eastern Economic Corridor (EEC), The Map Ta Phut Industrial Port Development Project Phase 3 as well as pursuing new technology and international market opportunities. Moreover, prototype machinery, artificial intelligence and venture capital investment will be invested for the long-term growth.
Besides, PTT's directions and strategies are being considered, while the company's 10-year investment portfolio willbe reviewed by focusing on developing its products through innovation, increasing aggressively investment in clean energy and keeping social investment for sustainable community and society.
This detail of each investment plan will be presented to Board of Directors for consideration in December 2019.