Glow Energy

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Glow Energy PCL
Public
Traded as SETGLOW
Industry Electricity
Founded October 1993 (1993-10) [1]
Headquarters Bangkok, Thailand
Area served
Thailand, Laos
Key people
Brendan Wauters (CEO)
Revenue 65,369 million baht (2015)
64,225 million baht (2015)
8,355 million baht (2015)
Total assets 117,169 million baht (2015)
Total equity 55,958 million baht (20150
Number of employees
800+ (2015)
Parent Engie
Website www.glow.co.th

Glow Energy PCL is a power and utility company in Thailand established in 1993. Glow Energy is one of the largest private electricity generators in Thailand.[2] Its core business is to produce and supply electricity to EGAT, 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.[3]:55 Glow Energy is a subsidiary of Engie. The French energy company has a 69.11 percent stake in Glow.[3]:67

The company has four major production facilities in industrial areas in Rayong and Chonburi Provinces. As of 31 December 2015, 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 Lao PDR's Attapeu Province.[3]:68[4][5]

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.[3]:59

Financials[edit]

Glow in 2015 reported revenues of 65,369 million baht, total assets of 117,169 million baht, and a net profit of 8,355 million baht, all down from FY2014 results.[3]:12 The company employed over 800 persons.[3]

References[edit]

  1. ^ Glow Energy (2010). Annual Report 2009 (PDF). Retrieved 18 November 2011. 
  2. ^ "Glow Energy Company Description". Hoover's, Inc. Retrieved 2009-01-22. 
  3. ^ a b c d e f Annual Report, 2015 (PDF). Bangkok: Glow Energy Public Company Limited. 2016. Retrieved 5 October 2016. 
  4. ^ "Thai Glow buys Laos power plant for $45 mln". Forbes. 2008-09-15. Retrieved 2009-01-22. [dead link]
  5. ^ "Thai Glow Energy close to power plant deal in Laos". Reuters. 2008-09-10. Retrieved 2009-01-22. 

External links[edit]