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Cash-strapped Thai electric agency drops plan to raise stake in utility.
Byline: Yuthana Praiwan
Oct. 1--The Electricity Generating Authority of Thailand (Egat) has scrapped a plan to increase its holding in the SET-listed Electricity Generating Plc.
Egat governor Kraisri Karnasuta said the plan was cancelled due to limited funds. The state enterprise needs to invest some 65 billion baht in four new power plants, with a total capacity of 2,800 megawatts.
With 25.41 percent, Egat is currently the largest shareholder in Egco, followed by Hong Kong-based China Light and Power (22.42 percent). The government had earlier directed Egat to raise its holdings in Egco to over 30 percent.
In any case, Mr Kraisri said ...
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