Thailand’s Ratch Group Public Company Limited has acquired a 51% stake in the 29.7-MW Thanh Phong Wind Power Plant project in Vietnam’s Mekong Delta province of Ben Tre.
SET-listed Ratch Group, Thailand's largest private power producer by capacity, has completed a US$605 million deal to acquire Singapore-based Nexif Energy Joint Venture, part of a move to grow its energy and battery businesses.
Ratch Group Plc, Thailand's largest private power generation company by capacity, plans to spend 1.72 billion baht to expand the capacity of a gas-fired power plant in Pathum Thani's Nava Nakorn Industrial Promotion Zone as it moves closer to its goal of 10 gigawatts of electricity generation capacity.
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.
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.