State-run Electricity Generating Authority of Thailand (Egat) is worried about its heavy financial burden after spending billions of baht to subsidise electricity expenses for people since last year.
State-run Electricity Generating Authority of Thailand (Egat) will inject 11.25 billion baht into its subsidiary SET-listed Ratch Group Plc, Thailand's largest private power generation firm by capacity, to increase registered capital and expand investment in Indonesia, a populous country with high energy demand.
<p>The Stock Exchange of Thailand (SET) has entered into a Memorandum of Understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT), the Provincial Electricity Authority (PEA), the Metropolitan Electricity Authority (MEA) and the Association of Provident Funds (AOP) to provide over 150,000 staff, and members and committees of their provident funds with knowledge about financial and investment planning. The collaboration is part of SET’s commitment to promote<i> </i>financial literacy among Thai people, particularly via<i> </i>“<b>Happy Money</b>” project. </p>