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Electricity Generating Authority Urges Thailand to Extend Loan Guarantees.
Byline: Yuthana Chantanusornsiri
May 5--The Electricity Generating Authority of Thailand (Egat) has called on the government to extend state guarantees for loans taken by the electricity giant over the next 10 years.
Egat directors also approved a petition to the government to have the state enterprise maintain its monopoly over power purchases until the end of the decade, to help ensure its ability to meet financial obligations.
The government has raised the issue of Egat's burden on the public debt as one reason why the state enterprise needs to be privatised and listed on the Stock Exchange of Thailand. Of Egat's 140 billion baht in ...
- Egat chief: Over half back share sale: Poll of staff to end today.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 25, 2005 700+ words
...worries about job security, Egat would prepare contracts guaranteeing...also be maintained, while Egat executives would negotiate with the Finance Ministry for salary increases to match...Kraisri acknowledged that Egat was overstaffed, and that...
- Egat on track for October listing.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 12, 2005 700+ words
...commissioned by the Egat board. The Finance Ministry has committed to maintaining...75 percent stake in Egat. The IPO will also...foreign ownership. Egat's dams and reservoirs...transferred to the Finance Ministry as public assets...
- Egat wants clearer picture on asset transfers.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 11, 2006 700+ words
...would be offered to Egat at a negligible fee. Finance Ministry officials said transferring...Treasury Department, Egat would retain the...as before," one Finance Ministry official said...But it may be that Egat is wary of any policy...
- Egat ruling a blow to government Process, not policy, found illegitimate.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 24, 2006 700+ words
...most critical challenge for Egat. Consumers in general would...Mr Pornsilp said. The Egat listing, originally scheduled...permanently affected. But Finance Ministry officials said the points raised...would eventually allow the Egat privatisation to move forward...
- New plants to boost Egat's generation capacity by 50%.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 3, 2005 700+ words
...second quarter of 2006. Egat's profitability may decline...percent of the total. Egat separately sold 522 million...After the privatisation the Finance Ministry's holding will be diluted to 77.4 percent, with Egat employees holding 6.6...
- Egat union unmoved by landslide victory.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 8, 2005 700+ words
...delayed due to the sheer number of Egat employees nationwide, about...restructuring is needed for Egat because the utility will have...transmission lines now that the Finance Ministry no longer guarantees Egat's loans. Some of Egat's...
- Egat share price set between B25 and B28: Subscriptions open from Nov 16 to 17.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 2, 2005 700+ words
...and Exchange Commission, Egat plans to float 1.245...pricing to be set on Nov 18. Egat will raise up to US$855...high. After the IPO, the Finance Ministry's holding will be diluted to 77.4 percent, with Egat employees holding 6.6...
- Egat staff urged to seek tax refunds by March 31 deadline.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 25, 2006 700+ words
...two pay increases awarded to Egat staff were safe because they...current financial standing of Egat was sound, with a very low...need prior approval from the Finance Ministry and the cabinet. Egat's plans to build four new...
Source: HighBeam Research, Electricity Generating Authority Urges Thailand to Extend Loan...