Ratch Group Plc, Thailand’s largest private power generation firm by capacity, has stressed its recent acquisition of 2,045-megawatt (MW) coal-fired thermal power plants from PT Paiton Energy (PE) in Indonesia was appropriate given the scarcity of power generation assets for sale in the market.
The company said the purchase was needed as concessions for Ratch’s ageing gas-fired power plants in Ratchaburi are due to end over the next several years after almost two decades of operations.
Ratch needs to find new power generation facilities, said chairman Boonyanit Wongrukmit, who is also governor of the state-owned Electricity Generating Authority of Thailand (Egat).
Ratch is a privately run power generation arm of Egat, which holds a 45% share in the…
