Ratch Group Plc, Thailand's largest private power generator by capacity, expects to allocate an investment budget worth 30 billion baht in 2022 as it continues to expand its power business and invest more in renewable energy development.
Ratch Group Plc, Thailand's largest private power generator by capacity, continues to expand its electricity generation capacity by acquiring a 51% share in Sahacogen (Chonburi) Plc, the power generation arm of Saha Group Plc, a major consumer goods distributor and manufacturer, at a cost of 3.4 billion baht.
Shareholders of SET-listed Ratch Group have approved a plan to acquire two coal-fired thermal power plants, with combined capacity of 2,045 megawatts, from PT Paiton Energy (PE) in Indonesia, as part of its move to increase electricity generation capacity to 10,000MW within 2025.
SET-listed Ratch Group is on its way to hitting a target of 10,000 megawatts in total electricity generation capacity, as it expects to have additional capacity of 1,000MW from three domestic and overseas power plant projects worth 31 billion baht by the end of this year.