Glow Energy PCL is a power and utility company 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 b ...

established in 1993. Glow Energy is one of the largest private

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as describ ...

generators in

. Its core business is to produce and supply electricity to

EGAT The Electricity Generating Authority of Thailand (EGAT) ( th, การไฟฟ้าฝ่ายผลิตแห่งประเทศไทย; ) is a state enterprise, managed by the Ministry of Energy, responsible for electric power ge ...

, and to produce and deliver electricity, steam, and processed water to industrial customers. EGAT power purchase agreements are central to Glow's business, accounting for 59.7 percent of revenues in 2015. Glow Energy is a subsidiary of

Engie Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. It ...

. The French energy company has a 69.11 percent stake in Glow. The company has four major production facilities in industrial areas in Rayong and

Chonburi Province Chonburi (, , ) is a province of Thailand (''changwat'') located in eastern Thailand. Its capital is also named Chonburi. Neighbouring provinces are (clockwise from north) Chachoengsao, Chanthaburi, and Rayong, while the Bay of Bangkok is to ...

s. , the company had a total generating capacity of 3,207 MW of electricity and 1,206 tons per hour of steam. Electricity sales accounted for over 85.4 percent of total revenues in 2015. The sale of steam accounted for 12.1 percent. In addition to Thailand, Glow Energy operates a hydroelectric plant in Laos's Attapeu Province. Glow generates electricity using natural gas (62.6 percent of total cost of sales in 2015), coal (16.8 percent of total cost of sales in 2015), and, increasingly, solar.

Financials

Glow in 2015 reported revenues of 65,369 million

baht The baht (; th, บาท, ; sign: ฿; 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. SWIFT ranked the Thai baht as the 10th-m ...

, total assets of 117,169 million baht, and a net profit of 8,355 million baht, all down from FY2014 results. The company employed over 800 persons.

References

External links

Glow websiteGlow Energy Public Company Limited
(by Google Finance) Electric power companies of Thailand Electric power companies of Laos Energy companies established in 1993 Companies listed on the Stock Exchange of Thailand Companies based in Bangkok 1993 establishments in Thailand {{thailand-stub