Banpu Public Company Limited is an energy company based in
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...
. Its three core businesses are energy resources (coal and gas); energy generation (conventional and renewable); and energy technology (wind and solar solutions, storage systems, and energy technologies).
Banpu is headed by CEO Somruedee Chaimongkol. In the 2012
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...
, Banpu was ranked as the 1707th -largest public company in the world.
History
Banpu was founded by members of the
Vongkusolkit and Auapinyakul families on 16 May 1983 as Ban Pu Coal Company Limited. The company was created to subcontract a coal mining operation at Banpu Mine (BP-1 Mine) in
Li District
Li ( th, ลี้, ) is the southernmost district ('' amphoe'') of Lamphun province, northern Thailand.
History
Li district was established in 1911. By 1951, Li became the most common name in the early 20th century. Originally named Mueang Li, i ...
,
Lamphun Province
Lamphun ( th, ลำพูน, ; Northern Thai: ) is one of Thailand's seventy-six provinces (''changwat''), lies in upper northern Thailand. Neighboring provinces are (from north clockwise) Chiang Mai, Lampang, and Tak.
Geography
Lamphun is ...
. On 4 May 1989, Banpu was listed on the
Stock Exchange of Thailand
The Stock Exchange of Thailand ( th, ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the ...
(SET). Its name was changed on 29 July 1993 to Banpu Public Company Limited.
[
In 2005, Banpu entered into a joint venture with Thai-Lao Lignite Co., Ltd. and Hong Sa Lignite (Lao PDR) Co., Ltd. to develop the project, but this agreement was terminated in 2006. A ]UNCITRAL
The United Nations Commission on International Trade Law (UNCITRAL) ( French: ''Commission des Nations Unies pour le droit commercial international (CNUDCI)'') is a subsidiary body of the U.N. General Assembly (UNGA) responsible for helping to fa ...
arbitration found that the Lao government illegally terminated concession and ordered Laos to pay US$57 million in damages plus interest. Laos is refusing to pay.
In 2010 Banpu bought the Australian mining company Centennial Coal
÷Some of the more notable coal companies in Australia are the following:
Summary of coal companies
Anglo Coal Australia Ltd
Anglo Coal Australia Ltd owns and operates a number of mines in Queensland and New South Wales.
Mines
Callide mine: i ...
.
Current CEO of Banpu Somruedee Chaimongkol assumed the position on 10 April 2015.
Banpu decided to launch a new corporate branding attributes in 2018, the "Banpu Heart".
Operations
Power generation
Banpu Power Public Company Limited or Banpu Power (BPP) was established in 1996 (then named "Cogeneration PLC") as a subsidiary of Banpu PCL. BPP's generating capacity as of early-2019 is 2,140 megawatt
The watt (symbol: W) is the unit of Power (physics), power or radiant flux in the International System of Units, International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantification (science), ...
s. Its goal is to expand that number to 4,300 MW by 2025. Renewable power projects account for 20 percent of BPP-generated electricity.
Coal mining
It is the largest coal producer in Thailand[ and also has ]coal mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...
operations in Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
and China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, and coal-fired power generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stor ...
operations in Thailand and China. Banpu plans also to invest in the Hong Sa lignite
Lignite, often referred to as brown coal, is a soft, brown, combustible, sedimentary rock formed from naturally compressed peat. It has a carbon content around 25–35%, and is considered the lowest rank of coal due to its relatively low heat ...
mine and power plant project in Laos
Laos (, ''Lāo'' )), officially the Lao People's Democratic Republic ( Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ, French: République démocratique populaire lao), is a socialist ...
.
Banpu's main coal resources are in Indonesia (26 million tonnes), Australia (14 million tonnes), and China (4.7 million tonnes). It expects its sales to rise to 45 million tonnes in 2018, up from 42 million tonnes in 2017.
Due to its coal mining operations, Banpu was named on a 2019 list of the 100 companies "...responsible for most of the world's greenhouse gas emissions".
Centennial Coal
Centennial Coal Company Ltd operates five mines in New South Wales
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, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
(NSW) supplying coal for export and approximately 40 percent of NSW's coal-fired electricity. The company sells approximately 40 percent of its coal to export markets, primarily for use in power stations and steel mills in Japan, Korea, Taiwan and Europe.[
Centennial Coal has been responsible for more than 900 pollution notices between 2000 and 2013 from the NSW Environment Protection Authority (EPA). In 2015 it was responsible for a major release of coal fines into the ]Wollangambe River
The Wollangambe River, an Australian perennial river that is part of the HawkesburyNepean catchment within the Sydney Basin, is located in the Greater Blue Mountains Area of New South Wales.
Course and features
The Wollangambe River rises abou ...
and World Heritage listed areas of the Blue Mountains National Park
The Blue Mountains National Park is a protected national park that is located in the Blue Mountains region of New South Wales, in eastern Australia. The national park is situated approximately west of Sydney, and the park boundary is quite ...
. Centennial Coal has been dumping mine effluent into the Wollangambe River for approximately 30 years, effectively killing large sections of it. Between 2000-2015, Centennial's Clarence Colliery has been cited for more than 65 non-compliance breaches of its licence. As of 2015, Centennial Coal has applied to extend the Springvale Mine, undermining swamps of "National Environmental Significance" and dumping up to 50 million litres a day of mine effluent into the Coxs River
The Coxs River, a perennial river that is part of the Hawkesbury-Nepean catchment, is located in the Central Tablelands, Blue Mountains, and Macarthur regions of New South Wales, Australia.
Course and features
The Coxs River rises in Gardine ...
which also flows through the Blue Mountains World Heritage area and into Sydney's drinking water catchments.
Banpu NEXT
Formed in 2019 as a joint venture between Banpu and Banpu Power (BPP), Banpu NEXT is the company's energy technology division. The division is targeted towards providing energy solutions for storage systems, battery-powered electric vehicles, energy efficiency management, and smart city projects.
Corporate issues
Financials
Banpu reported revenues of 123,345 million baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldw ...
for its fiscal year ending 31 December 2018. Net income was 6,694 million baht, total assets 274,312 million baht, and total equity 83,060 million baht. Banpu's coal business accounted for 87% of its revenues for the year.
As of 31 December 2018, Banpu employed 6,037 persons, nearly half of them at its coal operations in Indonesia. Banpu employed 383 persons in Thailand, 6% of its workforce.
Remuneration of the twelve directors on the Banpu board totaled 48 million baht. The eight senior managers earned 110 million baht in salary and bonuses.
Recognition
Banpu has been selected for a fifth consecutive year as a member of the Dow Jones Sustainability Indices (DJSI). It was ranked Gold Class in the Coal and Consumable Fuel sector by Robeco Sustainable Asset Management. Banpu also received the Sustainability Awards Honor and was listed as a Thailand Sustainability Investment (THSI) by the Stock Exchange of Thailand.
References
{{Portal, Energy, Companies
Electric power companies of Thailand
Coal companies of Thailand
Companies established in 1983
Companies listed on the Stock Exchange of Thailand
Companies based in Bangkok
1983 establishments in Thailand
SET50 Index