Choosri Kietkajornkul CEO & Wadeerat Charoencoop CFO[/caption]
RATCH Group, which was founded in 2000, operates as a holding company with varying stakes in core businesses, subsidiaries and joint ventures. RATCH concentrates equity investments in fossil fuel power generation, primarily natural gas, but its portfolio also features a diversified mix of renewable projects, energy-adjacent businesses, infrastructure development and healthcare ventures. It has achieved steady growth in the short span since its launch. In 2022, RATCH total revenue jumped 84.4 percent over the previous year. First quarter EBITDA in 2023 showed an increase following investments into power projects in Australia and Southeast Asia. Over the next four years, the group aims to increase EBITDA from $345m to $432m (12bn to 15bn baht). It plans on allocating at least five percent of the budget to non-power businesses and approaching carbon neutrality by 2050. RATCH is on track to boost renewable energy capacity by 20 percent this year and 25 percent in 2025 onwards. The Thai company is pursuing a growth strategy rooted in strength, synergy and sustainability with the ambition of becoming a leading value-oriented energy and infrastructure company in Asia Pacific (APAC). At present, RATCH has paid-up capital totalling more than $625m (21.7bn baht). The Electricity Generating Authority of Thailand, a state enterprise managed by the Ministry of Energy, is a major shareholder with a 45 percent equity stake. The CFI.co judging panel announces RATCH Group as the 2023 award winner for Best Value Creation Energy Infrastructure Company (APAC).