Sriracha Construction Public Company Limited, or SRICHA, has disclosed that it still has ongoing construction work from the Clean Fuel Project (CFP) of Thai Oil, including both original contract work and additional work, with a remaining backlog of approximately 3.9 billion baht for the CFP project. At the same time, the company is preparing to extend into work during the Completion, Commissioning, Maintenance, and Task Force phases, while continuously pursuing opportunities for new projects both in Thailand and abroad. For the CFP project, the BF, HCU, and ERU portions have an original contract value of approximately 7.8 billion baht, with additional contracted work of about 600 million baht, totaling approximately 8.4 billion baht under the current contract framework. The company has recognized revenue of about 4.5 billion baht up to the recent second quarter. For the Ambatovy project in Madagascar, the company has generated total revenue of approximately 614 million baht over the past three years and views the recurring revenue business model as playing a greater role in its future strategy. Meanwhile, SRICHA is in discussions and tracking opportunities for several new projects in Thailand, such as a petrochemical plant project in Rayong Province and certain power plant projects, as well as international projects such as LNG plants in Canada, Mozambique, and Papua New Guinea, and an alumina plant in Guinea. It has also begun contacting businesses in the Middle East, particularly Bahrain, Saudi Arabia, and Qatar. However, these projects are still in the preliminary stage and are not yet included in the company's backlog or revenue estimates.
Sriracha Construction Public Company LimitedSRICHA holds a 3.9 billion baht CFP backlog and is pursuing new petrochemical, power, LNG, and alumina projects in Thailand and abroad.
Thai Oil Public Company Limited