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Ratchaburi invests B2.35bn to take stake in operator of Laos project.

Bangkok Post (Bangkok, Thailand)

| November 07, 2005 | COPYRIGHT 2005 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: Ploy Chitsomboon

Nov. 7--Ratchaburi Electricity Generating Holding Plc is investing 2.35 billion baht in the Nam Ngum 2 hydroelectric power project in Laos.

The project is expected to boost Ratchaburi Electricity's production capacity by 153 megawatts to nearly 4,500 MW.

Ratchaburi Holding agreed to buy a 25 percent stake in Southeast Asia Energy Ltd (SEAN), a subsidiary of Ch. Karnchang Plc and the operator of the project.

SEAN has registered capital of 400 million baht and 175 million baht in paid-up capital.

On Nov 3, Ratchaburi paid 43.75 million baht, or 25 percent of the total paid-up capital for the stake.

...
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