Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, plans to diversify into a new industrial estate business in Rayong to fuel its growth in advanced energy businesses.
The company yesterday signed a joint project development agreement with state-run Industrial Estate Authority of Thailand (IEAT) to set up Egco Rayong Industrial Estate Co to operate 621 rai of industrial area in Map Ta Phut.
The investment is valued at 1.9 billion baht, according to IEAT.
Part of the site was Egco’s retired gas-fired power plant, run by its wholly-owned Rayong Electricity Generating Co, which saw its power generation concession end and terminated its operation in December 2014.
Egco Group president Thepparat Theppitak said the new industrial estate will be designed to be a smart and green industrial area to support targeted…
