‘Innovation’, in the context of Banpu Power, is the design and selection of high-efficiency and clean technologies suitable for each project , and the initiation to change the working process to be more efficient. This can be proceeded through studying how to improve the procedures, probably including applying advanced technologies to current tasks such as digital technologies, electricity trading technologies, and a virtual power plant etc. The development of production processes and innovations will be a significant platform to increase competitive advantages and create stable and sustainable growth amid the fast-changing industry during the disruptive technology era.
Banpu Power has improved its production efficiency based on the principles of ‘Operational Excellence’ together with innovations. Employees at all levels collaborate to identify problems possibly arisen during working including finding their root causes through a systematic process and continuous improvement in order to increase working efficiency and process reliability as well as to reduce costs and losses in a production procedure. The process starts with training employees to enable them to identify the problems that may arise during their working processes with the support from a corporate team. In addition, a knowledge exchange between business units for mutual learning has been conducted, while employees have the opportunity to present a project initiated and implemented with fruitful results.
The Company has driven innovation through the creation of corporate culture – the ‘Innovative’ value, one of the three corporate shared values. Innovation has been promoted through various activities in order to help all employees understand the importance of applying innovation to their works. The ‘Wow Idea’ system has been created for employees to propose their initiatives so that they can present the ideas and innovations leading to the concretely tangible practices.
With a realization of future operations in which digital technology will play an important role in creating competitive advantages, Banpu Power has paid great attention to the transformation of work processes to the digital age (Digital transformation). As a result, not only devices have been modified, but also applications have been developed. Moreover, employee’s digital skills have been enhanced, while their working concepts have been adjusted so that they have flexibilities, skills and expertise, being able to quickly respond to any new changes or demands. This includes the effective cooperation with experts in various fields (Agility).
- Staff at Bangkok Office presenting 260 Wow Ideas.
- The implementation of a digital transformation project at Luannan Power Plant’s Phase 1 meeting the target.
- Establishing Banpu NEXT Company Limited to expand the growth of Banpu Power towards the energy technology.
- A project to improve air quality released at stacks and to reduce heat loss at Zhengding Power Plant was selected as one of the Top 100 Eco- environmental Innovation Projects in 2020 in China.