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Thai Energy Agency Considers Setting Up Stabilisation Fund for Electricity.

Bangkok Post (Bangkok, Thailand)

| March 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Mar. 1--The Energy Ministry is considering setting up a price stabilisation fund for electricity to help reassure investors that the planned privatisation of the Electricity Generating Authority of Thailand (Egat) would not lead to higher electricity prices.

The Egat union has been leading a vigorous campaign against the privatisation and listing on the Stock Exchange of Thailand. Among the arguments used by employees is that as a for-profit public company, Egat would be compelled to set prices to maximise returns.

The government has dismissed such concerns, saying that the state would remain the majority ...

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