(EnergyAsia, February 28 2012, Tuesday) — Thailand’s Bangchak Petroleum Plc (BCP) said it plans to invest eight billion baht to over the next eight years to upgrade its 120,000 b/d refinery and expand its nameplate capacity by 20%. (US$1=30 baht).

President Anusorn Sangnimnuan said the upgrade and expansion the Bangkok-based plant will be part of a 26-billion-baht investment plan that includes the construction of a 15-megawatt gas-fired co-generation power plant, expansion of biofuel and solar energy production and other infrastructure.

The company, which is largely owned by the Thai government, will also expand and upgrade its retail operations.

Bangchak is on course to expand its solar energy farm to 118MW after completing the first phase of a 38-MW solar farm last year.