Bangkok: Thoresen Thai Agencies (TTA), in a further bid to diversify earnings, plans to join a new round of independent power producer (IPP) bidding in Indonesia.
Qing Mei Pte Ltd, of which TTA holds 30%, is preparing to buy the term of reference for the bidding on a combined 30 megawatts of coal-fired power plants.
TTA expects revenue growth of 20% from last year's 17bn baht, with half of that coming from offshore subsidiary Mermaid Maritime.
TTA estimates that if the Baltic Dry Index averages between 800-900 points, the company will swing back into the black, having suffered a 4.8bn baht net loss in 2012. [18/01/13]