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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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