The figure is based on the planned investment according to its equity holdings in the projects, managing director Francis Vanbellen said yesterday.
He added that in the long term the revenue contribution from the green businesses run by its subsidiaries PDI Materials, PDI Energy and PDI Eco would be around one-third each.
For this year and in 2017 the company’s main revenue will still be from zinc business.
PDI Asia Solar Co, a subsidiary of PDI Energy Co, is investing about Bt1.9 billion in three solar-farm projects in Japan with 13 megawatts total installed capacity.
Of the total value, 20 per cent will be financed by PDI cash, while the rest will be from bank loans.
The commercial operation date (COD) of the first project, in Nanao, Japan, will be this quarter, at 2MW.
The COD of the other project in Ryohashiya is expected to be in the first quarter of 2017 at around 2MW, while that in Nogata will be in the second quarter of 2017 at about 11MW.
PDI expects annual revenues of Bt200 million from these three projects.
The company is also conducting due diligence on a possible 20MW project in Kazano.
PDI Tak Eco, a wholly owned subsidiary of PDI, has entered a joint venture with Japan’s DOWA Eco-System Co. PDI holds 51 of the JV. The JV aims to manage at least 50,000 tonnes of hazardous industrial waste yearly in the Northern and Central regions of Thailand.
The investment on this project, which will be developed in Tak, in the first phase is Bt300 million. The project requires permits from relevant state agencies before development begins.
In February, the PDI board decided to cease conventional operation of its zinc production in Tak by the end of 2017. The mine in Mae Sot district was closed in June but the ore will continue to be smelted in Tak before the smelter is shut down in early 2018.
However, at the request of many customers, PDI decided to continue the supply of zinc to the Thai market in the form of trading.
Its planned new subsidiary PDI Metals will source from primary zinc producers between 30,000 and 50,000 tonnes per year to be delivered to customers. The import will start next year.
It has estimated that this trading will generate revenue of close to Bt4 billion per year.