WHA Utilities and Power Public Company Limited (WHAUP) announced that TRIS Rating has affirmed the company’s corporate credit rating and issue ratings at “A-” with a “Stable” outlook, reflecting its strong business fundamentals and continued growth.
Mr. Akarin Prathuangsit, Chief Executive Officer of WHA Utilities and Power Public Company Limited (WHAUP), stated that TRIS Rating’s affirmation of the company’s corporate and issue ratings at “A-” with a “Stable” outlook reflects confidence in WHAUP’s position as the exclusive utility service provider within WHA Group’s industrial estates in Thailand and Vietnam, supported by its solid financial position. In addition, the commencement of commercial operations by data center customers within WHA Group’s industrial estates is expected to drive higher demand for water and electricity, providing further support for the company’s continued growth.
The CEO of WHAUP further stated that the company’s utilities business is expected to maintain its growth momentum in both Thailand and Vietnam during the second half of the year. WHAUP is preparing to expand its investments in utility infrastructure to accommodate increasing demand from new customer segments, particularly those with high water consumption requirements.
Regarding the power business outlook for the second half of the year, WHAUP continues to expand its investments in renewable energy projects both within and beyond WHA Group’s industrial estates. The company is also closely monitoring developments in government policies while preparing for new investment opportunities under the upcoming Power Development Plan (PDP). The new PDP is expected to create opportunities for WHAUP to expand its power generation capacity and reach new customer segments with growing demand for clean energy.
Symbol: WHAUP