The total offtake generated by the Company’s 4 (four) captive power plants is 1.4 million MWh for electricity and 13.1 million GJ for steam. These offtake figures had met the Company’s target of 1.3 million MWh of electricity and 11.5 million GJ of steam.
The electricity and steam generated by the Company's captive power plants is entirely used to meet domestic electricity needs.
In 2022, the Company through its subsidiaries has conducted preparations for geothermal exploration activities. The Company through its subsidiaries has also explored joint venture opportunities in the solar energy business. As of December 31, 2022, the geothermal and solar energy businesses had not yet contributed revenue to the Company. The Company hopes to soon obtain positive results from both businesses and be able to support the government’s net zero emissions plan.
The capacity of the captive power plants currently operated by the Company is around 0.4% of the total installed capacity of power plants nationally in 2022 of 81.2 GW.
