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New plants to boost Egat's generation capacity by 50%.
Byline: Ploy Chitsomboon
Nov. 3--Egat Plc, the state-owned electricity company, will invest more than 100 billion baht over the next three years to build new power plants and transmission lines as part of its effort to meet Thailand's growing demand for electricity.
"We have also received approval from the cabinet to boost our production capacity by more than 50 percent," said Kraisri Kanasutra, Egat's chief executive officer.
Mr Kraisri yesterday met with fund managers and analysts to promote Egat's upcoming initial public offering, touted as the largest in the history of the Stock Exchange of Thailand.
Egat will float 1.245 billion shares in its IPO later this month, with funds raised to help finance new power plant projects.
The firm announced this week an indicative price range for its initial public offering of between 25 and 28 baht a ...
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Source: HighBeam Research, New plants to boost Egat's generation capacity by 50%.