WHA Utilities and Power Public Company Limited (WHAUP) has announced an investment budget of over THB 2.9 billion for 2026 to accelerate growth across its two core businesses—water utilities and power. The company expects to close additional deals with data center customers in the second quarter, while advancing innovative initiatives including an energy trading platform and a feasibility study for Small Modular Reactor (SMR) technology, reinforcing long-term clean energy security and supporting its goal of achieving Net Zero by 2050.
Mr. Akarin Prathuangsit, Chief Executive Officer of WHA Utilities and Power Public Company Limited (WHAUP), stated that in 2026, WHAUP will continue to strengthen its strategic direction to reinforce leadership in integrated utilities and power solutions. The company will leverage technology to enhance organizational efficiency through connected platforms, while integrating innovation to maximize value creation. At the same time, WHAUP is actively exploring new business opportunities as future New S-Curve growth drivers, while maintaining a strong focus on sustainable long-term growth.
Building a Smart Water–Power Ecosystem to Support the Growth of Future Industries
WHAUP is advancing its fully integrated utilities infrastructure across both water and power to support the expansion of future industries. The company continues to build on its expertise in end-to-end water management, spanning raw water sourcing and supply, industrial water services, wastewater treatment, and the development of value-added water solutions such as Premium Clarified Water and Demineralized Water. This is complemented by Water Reclamation solutions and a Smart Water Platform designed to enhance water-use efficiency.
At the same time, WHAUP is expanding its renewable energy portfolio through Solar Private PPA and Direct PPA projects, while also developing innovative energy solutions such as a Peer-to-Peer Energy Trading Platform, REC trading, and the study of SMR development to address future demand for stable and reliable clean energy.
THB 2.9 Billion Investment to Accelerate Two Core Businesses and Unlock New S-Curve Growth
For 2026, WHAUP has earmarked THB 2.9 billion in capital expenditure, with 57% allocated to the power business and 43% to water utilities. The company expects growth to be driven by its two key business segments as follows:
- Utilities Business (Water)
In 2026, WHAUP targets total water sales and management volume of 170 million cubic meters, representing a 6% increase year-on-year, comprising 129 million cubic meters in Thailand and 41 million cubic meters in Vietnam.
The company is also advancing its Smart Water Platform to improve operational efficiency, while expanding utilities infrastructure and developing backup water sources to support rising demand—particularly from data center customers, whose water consumption is typically 12–16 times higher than that of conventional businesses.
Last year, WHAUP signed new water sales and management contracts totaling more than 28 million cubic meters per year, and is preparing to finalize additional new water contracts of 17–29 million cubic meters within Q2/2026.
In addition, the company is currently expanding industrial water production and wastewater treatment capacity by more than 25 million cubic meters across WHA ESIE 2.1, WHA ESIE 3.1, and WHA ESIE 5, in order to accommodate growing customer demand, especially from the data center sector.
In Vietnam, WHAUP continues to expand its service footprint both within WHA Group’s industrial estates—particularly in Nghe An and Thanh Hoa—and through its joint investment projects. Notably, the Duong River Surface Water Plant, which supplies water to communities in Hanoi, continues to demonstrate strong growth momentum.
WHAUP is also shifting toward a “Water Positive” strategy, aiming to manage water resources sustainably by returning more water to nature than it consumes. This includes the development of alternative water sources, rainwater harvesting, wastewater treatment prior to discharge, promotion of recycled water usage, and reduction of water loss across the system. The company is also expanding Water Reclamation solutions and water storage facilities to reduce freshwater withdrawals, while supporting ESG and decarbonization objectives.
- Power Business
In 2026, WHAUP will continue expanding its renewable energy portfolio in both Thailand and Vietnam to support rising demand for green power from the industrial sector amid the accelerating transition toward a low-carbon economy.
The company is focused on developing solar power projects across Private PPA, Feed-in-Tariff (FiT), and Direct PPA models, while also delivering renewable energy solutions tailored for customers—particularly data centers, which require large volumes of electricity and high energy reliability.
This year, WHAUP targets cumulative signed power generation capacity of 1,124 MW, of which 596 MW will be renewable energy, accounting for approximately 53% of total signed capacity.
The company also aims to sign an additional 60 MW of domestic Private PPA projects and 29 MW in Vietnam, while preparing to expand its clean energy portfolio to capture anticipated demand from Direct PPA projects, which is expected to exceed 2,000 MW.
At the same time, WHAUP is studying investment opportunities to expand into new markets such as the Philippines, building a broader regional growth base over the long term.
Looking ahead, WHAUP is also focused on creating new value through innovation and technology, including its Peer-to-Peer Energy Trading Platform and Renewable Energy Certificate (REC) trading platform, both of which are designed to support customers’ net-zero ambitions. In parallel, the company is participating in studies on Small Modular Reactor (SMR) technology to help address future demand for stable 24/7 clean energy.
Committed to Net Zero 2050
“WHAUP remains committed to driving growth while placing strong emphasis on environmental stewardship and creating value for society. We continue to move forward under WHA Group’s mission, ‘WHA: Shape the Future for Thailand,’ with a clear goal of becoming a Net Zero organization by 2050. By 2030, we aim to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42%, while further enhancing water resource management efficiency. We have also set a target to reduce freshwater withdrawals from natural sources by 25 million cubic meters per year by 2030,” said Mr. Akarin in closing.
Symbol: WHAUP