BCPG Plc, the power generation arm of energy conglomerate Bangchak Corporation Plc, plans to allocate 39 billion baht in capital spending to fund its domestic and overseas businesses and asset acquisitions, including those affected by ongoing banking problems in the US and Switzerland.
The company is monitoring whether the financial turbulence faced by Silicon Valley Bank and Signature Bank in the US and Credit Suisse in Switzerland will escalate, which may deal a blow to some power companies.
