WHAUP Unveils 2H 2025 Growth Plan, Expanding Utilities and Power Portfolio to Meet Rising Customer Demand, Especially from Data Centers.

Bangkok – WHA Utilities and Power Public Company Limited (“WHAUP”) Unveils 2H 2025 Growth Plan, Expanding Utilities and Power Portfolio to Meet Rising Customer Demand, Especially from Data Centers

Mr. Somkiat Masunthasuwun, Chief Executive Officer of WHA Utilities and Power Public Company Limited (“WHAUP”), revealed that despite multiple challenges in the first half of 2025, the company continued to achieve growth.

For the utilities (water) business, WHAUP remains focused on expanding water services in WHA Industrial Estates. In the first half of 2025, the company successfully signed additional water sales contracts of over 28 million cubic meters per year, with key customers being technology companies, especially data centers, which have high water demand. More contracts with data center customers are expected in the second half. To accommodate this growing demand, WHAUP has been expanding water production capacity and wastewater treatment systems in WHA Industrial Estates. The company expects to begin recognizing water sales from these new data center customers starting next year.

For water sales volume in 2025, although domestic sales declined in the first half, performance in the second half is expected to recover, supported by rising demand from petrochemical customers. Meanwhile, the water business in Vietnam continues to show strong growth, primarily driven by the Duong River project, where demand remains on an upward trend. WHAUP has set a target of 166 million cubic meters for total water sales, both domestic and overseas, in 2025, comparable to the previous year.

In the power business, WHAUP is actively expanding renewable energy investments both inside and outside industrial estates, in Thailand and abroad. Key focus areas include solar rooftop projects, Feed-in-Tariff projects, and Direct PPAs. In the first half, WHAUP achieved total contracted capacity (equity basis) of 991 megawatts, of which 463 megawatts are renewables. Within this, 156 megawatts of solar projects have already achieved COD, with another 285 megawatts under development. The company also signed an MOU with a data center customer to develop a 120-megawatt renewable energy Direct PPA project. WHAUP targets to increase total contracted capacity to 1,185 megawatts by year-end 2025, with more than 100 megawatts of additional solar projects expected to commence commercial operations in the second half.

Mr. Akarin Prathuangsit, Deputy Chief Executive Officer and Chief Operating Officer of WHAUP, added that the company is committed to integrating technology and innovation to enhance efficiency, reduce costs, and drive sustainability across both utilities and power businesses. Initiatives include applying AI for Smart Water Solutions, Solar Anomaly detection, and Solar Forecasting. WHAUP is also advancing its Energy Trading strategy through a Peer-to-Peer Energy Trading platform, which has already attracted more than 30 interested customers. The platform is set to begin real trading tests under a Sandbox program this November. If successful, this will pave the way for new opportunities in commercial power trading and future expansion into the carbon credit business.

WHAUP will continue to strengthen growth by leveraging innovation while prioritizing environmental stewardship and creating value for society, reaffirming its commitment to sustainable business under WHA Group’s vision “WHA: WE SHAPE THE FUTURE.”