Managing director Ronnachai Tantragoon
SET-Listed General Environmental Conservation Plc (GENCO), an industrial waste disposal company, plans to start another waste management business next year with an investment budget of more than 10 million baht.
Managing director Ronnachai Tantragoon said the company is about to invest in sanitary landfill services in Ratchaburi and Bangkok.
He said it was a part of plans to capitalise on rising amounts of garbage and community waste, which will continue to increase in Bangkok and its suburbs.
The Industry Ministry has extended the operating licence granted to Genco for another 10 years to continue its waste management and treatment activities in Bangkok and Ratchaburi. That, in turn, has encouraged the company to expand.
"Sanitary landfill closure is a new business for us that we are about to invest in next year. That would make us a fully-integrated waste management company," he said, adding that it also focuses on both toxic waste from industry and general waste from neighbourhoods and households.
Genco's current core businesses are waste treatment and real estate development under C-Space and B-Live brands. Mr Ronnachai said the board of directors is set consider expansion plans for 2017.
He said the company also hopes it will eventually be granted two licences to develop two waste-to-energy power plants with a combined power generating capacity of 10 megawatts.
"We aim to develop two power plants with 5MW capacity each, one in Rayong and the other in Chonburi. The total investment would be about 2 billion baht," he said.
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