State certain EEC will reach investment goal
B300bn target set to help uplift economy
published : 14 Jul 2021 at 04:00 A signboard promotes U-Tapao airport, a key mega-project within the EEC. (Photo: Somchai Poomlard)
Despite the escalating number of Covid-19 infections and fragile economic prospects, the government remains confident that the actual investment value in the government s flagship Eastern Economic Corridor (EEC) scheme will reach 300 billion baht by this year or next as expected.
Kanit Sangsubhan, secretary-general to the EEC Office, said his office is scheduled to propose on Friday to the Eastern Economic Corridor Policy Committee s meeting chaired by Prime Minister Prayut Chan-o-cha the introduction of additional investment promotion zones to help boost investment.
Super set to build hybrid power plant
published : 12 Jul 2021 at 04:30
SET-listed Super Energy Corporation is planning to develop Thailand s first power plant based on hybrid renewable resources under a firm power purchase agreement (PPA).
A firm PPA refers to a steady supply of electricity provided to the Electricity Generating Authority of Thailand (Egat).
Usually renewable power, except electricity produced by refuse-derived fuel, is in the non-firm PPA category. Sun, wind and biomass are intermittent sources of power because their production depends on weather conditions and seasons.
Jormsup Lochaya, chief executive and vice-chairman of the Super Energy board, said the company will develop the hybrid renewable project this year and expects to start operation by the end of next year.
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TRIS Rating affirms the company rating on Amata Corporation PLC (AMATA) and the ratings on AMATA?s senior unsecured debentures at ?A-?, with a ?stable? outlook.
The ratings continue to reflect the company?s proven record as one of the leading industrial estate developers in Thailand. The company?s strengths are underpinned by its sizable base of recurring revenues from the sale of utility services and dividend income from its investments in several power plants. Nevertheless, the ratings are constrained by the company?s elevated leverage, coupled with the country and regulatory risks associated with AMATA?s overseas operations. The ratings also take into consideration the impact of the Coronavirus Disease 2019 (COVID-19) pandemic, which has brought about a significant decline in investment activities as well as Thailand?s slow pace of economic recovery.
The Stock Exchange of Thailand (SET) will list Mena Transport pcl, a ready-mix concrete transportation operator, on July 7, under the ticker symbol MENA . The company has a market capitalization at its initial public offering (IPO) of THB 880.80 million (approx. USD 27.7 million).
SET Senior Executive Vice President Manpong Senanarong said that MENA would list and start trading on SET in the Services industry group, Transportation & Logistics sector.
MENA provides transportation of ready-mix concrete and industrial goods such as cement, fly ash, calcium, barium, etc., and consumer products. In addition, MENA distributes construction materials, equipment and tools. The company has had experience in cargo transportation business for more than 25 years, fully equipped with trucks, trailers and mixer trucks catering to all key business zones nationwide including the Eastern Economic Corridor (EEC). The company is recognized by leading cement and concrete product manufacturers in Thail