Ratch Group, Thailand’s largest private power producer by capacity, plans additional mergers and acquisitions (M&A) for power generation assets in a bid to achieve capacity expansion to 10,000 megawatts by 2025.
The company is negotiating five deals with a combined capacity of 500-600MW, and expects to conclude the negotiations by early next year, said Kijja Sripatthangkura, Ratch’s chief executive.
The M&A approach, when combined with other development projects and previously acquired assets, should increase the firm’s total capacity to around 8,700MW, he said.
Ratch has 8,173MW in its power generation capacity portfolio, calculated as a proportion of Ratch shareholding in various energy businesses.
Targeted power plants under talks are mostly located overseas. They include Quang Tri 1 coal-fired power plant in Vietnam, two hydroelectric power plant projects, a…
