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Bangchak Petroleum Donates 8 Mil THB to Asian Institute of Technology

Thai energy major Bangchak Petroleum Public Company Limited has donated 8 million Thai Baht (Approx. US$ 250,000) to the Asian Institute of Technology (AIT) for the modernization of the postgraduate institute’s library and three Master’s level scholarships for eligible Thai nationals.

Bangchak Petroleum Donates 8 Mil THB to Asian Institute of Technology

Bangchak Petroleum president Mr. Chaiwat Kovavisarach

Announcing the pledge on May 30, 2015, Bangchak Petroleum president, Mr. Chaiwat Kovavisarach, said the corporate donation provided an opportunity for the firm to once again be part of the development of Thailand’s educational institutions.

“The Asian Institute of Technology has long dedicated itself as an education and research institute, promoting progress through technological development for over fifty years,” Mr. Chaiwat said, at a handover ceremony. He emphasized that education is fundamentally important for the sustainable development of Thai society.

Three million THB was earmarked for three scholarships in the fields of energy and geotechnical engineering under the Bangchak Scholarship Fund. Five million THB was donated to the AIT Library Modernization Campaign. AIT’s main library, which was severely damaged in the flood of 2011, is being modernized into an attractive hub for the campus and a digital showcase for e-learning.

“Bangchak Petroleum recognizes the importance of education in the field of energy as an issue of national concern, encompassing all sectors of society and producing competent and knowledgeable personnel who understand the complexities of energy production and management,” President Chaiwat said.

Mr. Chaiwat is a notable member of AIT’s rising-star alumni who now serve as CEO of public and private corporations in the Asian region. He graduated in 1991 with a Master’s of Engineering degree in Industrial Engineering and Management (IEM).

“I really feel at home here,” he said, explaining why he brought four of his senior vice presidents, two of whom are AIT alumni, to participate in the ceremony.


Welcomed to the campus by AIT President Worsak Kanok-Nukulchai, the CEO was accompanied by: 
  • Senior Executive Vice President (Corporate Administration and Information Technology) Mr. Yodphot Wongrukmit;
  • Senior Executive Vice President (Renewable Energy Business) Mr. Bundit Sapianchai (AIT / IEM '88);
  • Senior Executive Vice President (Marketing Business) Mr. Pongchai Chaichirawiwat (AIT / GTE '85); and,
  • Senior Executive Vice President (Corporate Communications and Community Relations Office) Ms. Chavewan Kiatchkechaikul.

Two other AIT alumni employees of Bangchak Petroleum – Mr. Kritsnai Jantawongsri (AIT / Energy '11) and Mr. Pornpat Samutchaikit (AIT / OTM '99) – also attended, along with Mr. Noppachai Nutsati and Ms. Apiradee Pravinvonvuth of the Human Resource Office.

Commenting of the significant impact of AIT alumni in Thailand, such as the current Governor of the Bank of Thailand, Mr. Chaiwat indicated his company now stands ready to build up AIT in terms of its infrastructure and human capital, as AIT grads can continue to play a significant role in Thailand’s development and the region at large.

The young president, who took the helm of Bangchak Petroleum on January 1, made an on-the-spot executive decision to increase the company’s previously stated pledge of 2 Million THB for the library modernization project to 5 Million THB. He cited the company’s best first-quarter financial performance in its history under his leadership in 2015, and a strong desire at the company to work closely with AIT, as reasons.

All forms of renewable and sustainable energy, such as ocean wave-generated, solar and geothermal are been pushed forward at the company, and AIT can play a key partnership role in terms of research and development and human capital development, he told President Worsak, and Dr. Weerakorn Ongsakul, representing the AIT Energy field of study.

Bangchak is keen to extend the “frontiers of renewable energy,” he said, adding that if things go well in the next few years during his four-year term as president, the company would be interested to financially support a “Bangchak School of Energy” at AIT.