Business Overview
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Banpu is a pioneering Asian energy company, operating business in coal, power generation, and integrated energy sectors. The Company has over 30 years of accumulated experience in the domestic and international coal industry. It operates coal and coal-related businesses – ranging from investment, exploration and development, to production of both thermal and coking coal. Our expertise lies in open-pit and underground coal mining operations. With an extensive expertise in the power businesses, the Company aims to establish sustainable power generation, including the development of Smart Energy Solution to enhance future energy security.   
At present, we have business bases in ten countries; Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan, the United States of America and Vietnam.

Thailand & Laos


Although mining operations in Thailand are closed due to the depletion of coal reserves, Banpu has poured its expertise in coal exploration and production into business expansion and operations overseas. Being the pioneer of the private power plant development project in Thailand, and the first company to respond to Thailand’s power sector liberalization, Banpu has extensive experience developing successful power plant projects in the country. At present, the Company holds a 50% share in BLCP Power Limited, a 1,434MW coal-fired power plant in Map Ta Phut Industrial Estate, Rayong province.

The ‘Hongsa Power Plant’ project – a mine-mouth power plant in Hongsa District, Xayaburi Province in Lao PDR – is Banpu’s latest power plant development project in cooperation with Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) and Lao Holding State Enterprise (LHSE), a state-owned enterprise of Lao PDR. The ‘Hongsa Power Plant’ project has been operating since 2015 benefiting both Thailand and Lao PDR – particularly in terms of power stability. 

In addition, according to its long-term corporate strategy, Banpu continues to study and explore new energy possibilities – especially bio-energy, wind power and solar energy.



Banpu entered Indonesia’s coal industry in 1991 and, with its continuous growth, Indonesia has become one of Banpu’s significant production bases. Currently, PT. Indo Tambangraya Megah Tbk (ITM), Banpu’s subsidiary company listed on the Indonesia Stock Exchange, manages five coal mines in Kalimantan: Indominco, Jorong, Kitadin-Embalut, Trubaindo, and Bharinto. These mines produce a range of bituminous and sub-bituminous thermal coals suitable for both export and domestic consumption, with a total annual production capacity of around 30 million tonnes and an annual port handling capacity of 21 million tonnes. (For more details, visit


Banpu has expanded its coal business into China since 10 years ago. At present, the Company invests in two coal mines as follows:
  • Gaohe mine: Asian American Coal Inc., a subsidiary of Banpu, invests in the Gaohe mine located in Shanxi Province. It has achieved commercial operation date since the end of 2012 and has a coal production capacity of 10 million tonnes per year.
  • Hebi Zhong Tai Mine: Banpu Minerals Co., Ltd., a subsidiary of Banpu, invests in the Hebi Zhong Tai Mine located in Henan Province. It has achieved commercial operation date since 1958 and has a coal production capacity of 1.5 million tonnes per year.
In 2006, The Company expanded its investment into the power business in China through the investment of Banpu Power Public Company Limited, its subsidiary. At present, the Company invests in power business both conventional and renewable power plants in a total of 11 sites / projects with a total capacity of 1,112.3 MWe.



To enhance growth, corporate value, and geographical diversification, Banpu wholly acquired Centennial Coal Company Limited (Centennial) in 2010. Centennial is a coal mining and marketing company, supplying thermal coal and coking coal to the domestic and export markets. It owns nine coal mines, both underground and open-pit, in the North and the West of New South Wales, with a total annual production capacity of around 19 million tonnes. (For more details, visit Banpu has continually placed emphasis on the synergies gained by enhancing operational performance, with efficiencies in production planning and coal reserve exploration.



In late 2011, Banpu successfully acquired Hunnu Coal Limited, a specialized company in coal exploration and mine development with around 15 sites of thermal and coking coal deposits in Mongolia. This acquisition opened up new business opportunities for Banpu, as Mongolia is rich in coal resources and has a rapidly developing infrastructure combined with a geographical advantage for export to nearby markets – including China.

Banpu continuted to focus on feasibility studies at the Tsant Uul (steam coal) and Altai Nuurs (metallurgical coal) concessions in 2013.  For the Tsant Uul project, Banpu has conducted a small pilot test with encouraging chemical yields.  A further pilot plant will be developed this year with market product tests and further economic viability analysis.  Subject to the on-going study, the objective will be to develop a commercial plant of around by next year.


Established in 2013 to manage commercial aspects of coal business of Banpu Group, including marketing, research, sales contracts, and logistics of over 45 million tonnes of coal as well as to centralized marketing of the Group's Indonesian and Australian coal.


Banpu Energy Services Japan Co.,Ltd. (BESJ) was stablished in 2014 to be co-operator on relevant investments of Banpu and support the Mega Solar Power Plant across Hokkaido to Kansai area, supplying the electricity to local community through Utilities. Mega Solar Plant is going to continuously generate the electricity in the area in 20 years under METI's FIT program as well as by the contract with Utilities.

United States of America

In March 2016, Banpu has started operating its gas business in the Marcellus Shale in Northeast Pennsylvania in the U.S. and has continually expanded its investment in the gas business. At present, the Company achieves its six investment transactions, totaling over USD 500 million.
This investment has aligned with the Company’s commitment to expanding the Energy Resource portfolio with more environmentally-friendly source of energy. This goes in line with “Greener & Smarter strategy” with an aim of becoming an integrated energy solutions company.
The Company’s gas assets are strategically located in the Marcellus Shale, which contains the largest natural gas proved reserves in the U.S. – accounting for around 40% of total proved reserves in 2018. The assets are well-positioned with an extensive gathering of infrastructure across the fields. They has been supplying the gas to a key gas demand area in the northeast of the U.S.
Natural gas continues to serve as an ideal source of primary energy, which is a bridging fuel between fossil fuels and renewables because of its abundance, relatively lower costs, relatively lower carbon footprint, and flexibility as a heating or transportation fuel.
In addition, the global natural gas demand growth also appears potentially optimistic with around 2.1% CAGR (Compound Annual Growth Rate) demand growth from 2000 to 2018. The Asian economies continue their strong gas demand growth especially in China, the Middle East, India, and Southeast Asia. These countries are projected to be the largest consumers of natural gas. While the U.S., Russia, Qatar, Mozambique, Iraq, and Australia are the largest producers of natural gas.


Banpu Public Company Limited first launched its coal trading business in the Socialist Republic of Vietnam in 2015 with a wide array of business activities including marketing, customer service, research, sales contract, and logistics system. Vietnam’s demand for coal imports has been on the rise driven by increasing power consumption and economic growth.
In 2018, Banpu diversified into power business in Vietnam by establishing BPP Vinh Chau Wind Power Limited Liability Company (BPPVC) through investment of Banpu Power Public Company Limited, a subsidiary of Banpu Public Company Limited. The venture is responsible for investment and development of a wind power project in Soc Trang Province as well as a further feasibility study for other types of power plants. Banpu received an Investment Registration Certificate in July 2018 for the 80 MW wind power project which is expected to achieve commercial operation date between 2020 and 2021.
Vietnam is attractive to Banpu for power business investment because the country has enjoyed the highest GDP in the region with an average GDP annual growth of 6–7%, leading to rising power demands both in household and industrial sectors. Vietnam’s Power Development Plan also states the need to boost power generation capacity by focusing on the development of coal-fired powered and renewable-powered power generation, which is aligned with Banpu’s business direction.