Ratch Group plans 1,400 MW power sales to Data Centers

MGR Online•Economy•2d ago

Reader Briefing

Ratch Group is planning to repurpose the Ratchaburi power plant area for Data Center services following the expiration of power purchase agreements in 2027.

•Ratch Group aims to sell approximately 1,400 MW of electricity to Data Center investors at the Ratchaburi power plant site.
•The company has set an investment budget of 10,000 million baht for 2026.
•Ratch Group targets an EBITDA of 15,000 million baht in 2026.
•The company is expanding investments in renewable energy projects in Thailand, Indonesia, Japan, Vietnam, and Malaysia.

Overview

•Ratch Group is awaiting clarity on policies and investment criteria for Data Centers from the Data Center Policy Committee, expected in Q4 of this year.
•Ratch Group plans to provide electricity from three Combined-Cycle Power Plant units at the Ratchaburi power plant after PPA contracts expire in April and October 2027.
•Ratch Group targets a total renewable energy production proportion of approximately 80% by the year 2050, up from the current 31.43% or 2,980.72 MW.
•Ratch Group is preparing for the Thailand Power Development Plan (PDP 2026) by targeting auctions for solar, wind, and biomass projects, as well as natural gas plants.
•Ratch Group is studying expansion projects in Indonesia, including the Paiton power plant in East Java and projects in Batam city.
•Ratch Group is negotiating a sustainable aviation fuel (SAF) project in Turkey with a production capacity of 100,000 tons per year, seeking a share of over 25%.
•Ratch Group has allocated a 10,000 million baht investment budget for 2026, split between existing projects (4,000 million), new projects (3,000 million), and reserves (3,000 million).

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Key Entities

Organization

Ratch Group(ราช กรุ๊ป)

A power company planning to sell electricity to data centers and expand investments across Asia.

Ratch Group Public Company Limited(บริษัท ราช กรุ๊ป จำกัด (มหาชน))

The full corporate entity of Ratch Group, also referred to as RATCH.

Data Center Policy Committee(คณะกรรมการนโยบายการประกอบกิจการดาต้าเซ็นเตอร์)

A committee chaired by the Deputy Prime Minister responsible for issuing Data Center investment guidelines.

Ratch Pattana Energy Company Limited(บริษัท ราชพัฒนา เอ็นเนอร์ยี จำกัด)

A subsidiary of Ratch Group with a production capacity of 154.2 MW.

Paiton Power Plant(โรงไฟฟ้าไพตัน)

A combined-cycle power plant in East Java where Ratch Group plans an expansion.

Person

Nithat Worapanpipat(นิทัศน์ วรพนพิพัฒน์)

Group Chief Executive Officer and President of Ratch Group Public Company Limited.

Place

Saha Group Industrial Park(สวนอุตสาหกรรมเครือสหพัฒน์)

An industrial park in Chonburi province where a Data Center customer is located.

Chonburi(ชลบุรี)ℹ️

A province in Thailand where the Saha Group Industrial Park is located.

Navanakorn Industrial Promotion Zone(เขตส่งเสริมอุตสาหกรรมนวนคร)

An industrial zone where Ratch Group has agreements to sell electricity to two Data Center customers.

Philippines(ฟิลิปปินส์)ℹ️

A country where Ratch Group has a solar power plant project.

Vietnam(เวียดนาม)ℹ️

A country where Ratch Group has a hydroelectric power plant and is considering biomass fuel production.

Indonesia(อินโดนีเซีย)ℹ️

A country where Ratch Group is seeking investment opportunities under the RUPTL plan.

East Java(ชวาตะวันออก)ℹ️

The location of the Paiton power plant expansion project.

Batam(บาตัม)ℹ️

A city in Indonesia where Ratch Group is studying gas engine and combined-cycle power plant projects.

Japan(ญี่ปุ่น)ℹ️

A country where Ratch Group intends to increase investment, specifically in biomass energy.

Malaysia(มาเลเซีย)ℹ️

A country where Ratch Group is considering biomass fuel production for export to Japan.

Turkey(ตุรกี)ℹ️

A country where Ratch Group is negotiating an investment in a Sustainable Aviation Fuel (SAF) project.

Ratchaburi(ราชบุรี)ℹ️

The location of the power plant where Ratch Group plans to implement a new business model for Data Centers.

Policy

Thailand Power Development Plan (PDP 2026)(แผนพัฒนากำลังผลิตไฟฟ้าของไทย (PDP 2026))

Thailand's power development plan that Ratch Group is preparing to invest in.

Indonesia Power Development Plan (RUPTL)(แผนพัฒนากำลังผลิตไฟฟ้าของอินโดนีเซีย (RUPTL))

Indonesia's power development plan used by Ratch Group to identify investment opportunities.