Eastern Water Resources Development (EASTW) and Management Pcl, Thailand’s largest private water provider, plans to spend about 7.3 billion baht ($227 million) to expand dams and pipelines to meet industrial and resort demands over the next four years.
Demand for its raw and tap water will rise about 4 percent annually from 2014 to 2017, Eastern Water Executive Vice President Jaroensuk Worapansopak told an investor meeting today in Bangkok. The company is also studying a 6 billion-baht pipeline project to supply water from a reservoir in Surat Thani province to resort areas in Phuket and Krabi, he said.
Eastern Water has boosted earnings from water sales as demand climbs from manufacturers such as PTT Pcl (PTT) and Siam Cement Pcl in Rayong province, the nation’s biggest industrial center. Rising tourism visits to Pattaya beach resort in Chon Buri has also increased sales of water, according to Jaroensuk.
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