New firms ratified under Egat, MEA
published : 11 Mar 2021 at 04:00
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The State Enterprise Policy Commission approved in principle establishing two subsidiary firms under the state-run Electricity Generating Authority of Thailand (Egat) and Metropolitan Electricity Authority (MEA) to invest in future energy and energy-related R&D and innovations.
According to Pantip Sripimol, director-general of the State Enterprise Policy Office (Sepo), Egat will form a joint venture with Electricity Generating Plc (Egco), an Egat subsidiary, and Ratch Group Plc to set up a new firm.
The name has not been determined, and the new firm has registered capital of 2 billion baht that is 40% held by Egat, with 30% each held by Egco and Ratch Group.
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Bangkok Post
Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand (Egat), plans to spend 150 billion baht to expand its businesses through 2025 and seek new opportunities in infrastructure projects, which are seen as an economic booster for Thailand.In the power generation business, the company expects to add new capacity of 1,000 megawatts to its portfolio this year, mainly through 3-4 asset acquisitions currently under negotiation.
The talks are progressing and the details should be announced within this year, Egco president Thepparat Theppitak said yesterday. Egco plans to spend 37 billion baht for the purchase deals, targeting both fossil-fired and renewable power plants in Vietnam, the Philippines, South Korea, Taiwan and the US.
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Egco diversifies into industrial estates
published : 12 Jan 2021 at 04:00
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Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, plans to diversify into a new industrial estate business in Rayong to fuel its growth in advanced energy businesses.
The company yesterday signed a joint project development agreement with state-run Industrial Estate Authority of Thailand (IEAT) to set up Egco Rayong Industrial Estate Co to operate 621 rai of industrial area in Map Ta Phut.
The investment is valued at 1.9 billion baht, according to IEAT.
Part of the site was Egco s retired gas-fired power plant, run by its wholly-owned Rayong Electricity Generating Co, which saw its power generation concession end and terminated its operation in December 2014.
New Egat head eager to slash bureaucratic rules
published : 16 Dec 2020 at 06:22
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Boonyanit Wongrukmit, the newly appointed governor of state-run Electricity Generating Authority of Thailand (Egat), vows to reduce bureaucratic hassles and build a more informal atmosphere at work to make Egat more agile in dealing with the fast-changing energy industry.
Mr Boonyanit says Egat officials should call one another by nicknames, not their positions.
Renewable energy and energy storage technologies are expected to be game changers, meaning Egat cannot maintain its traditions and burdensome regulations, he said.
Within a decade, these two technologies may take over electricity generation from fossil fuel-fired power plants, Mr Boonyanit said yesterday.