Ratch sees chance to spread its wings.

(From The Nation (Thailand))

Byline: The Nation.

Ratchaburi Electricity Generating Holding Plc (Ratch) is approaching its parent company, Egat, for authorisation to take over new power-plant projects now that Egat is unlikely to take on new debt.

Narong Sitasuwan, newly appointed managing director of Ratch, said yesterday that as Egat was not now to be privatised and listed on the Stock Exchange of Thailand it could face difficulty raising funds to finance new investment projects.

"If Egat opts to borrow to finance new plants, public debt could escalate, which could worry the Finance Ministry. The investment through Ratch, which is …