State-run Electricity Generating Authority of Thailand (Egat) will inject 11.25 billion baht into its subsidiary SET-listed Ratch Group Plc, Thailand’s largest private power generation firm by capacity, to increase registered capital and expand investment in Indonesia, a populous country with high energy demand.
The decision was recently approved by the cabinet, which allowed Egat to make the additional investment in line with its 45% shareholding in Ratch.
Ratch is increasing its registered capital to 22.192 billion baht, up from 14.5 billion baht, in order to partially finance the acquisition of PT Paiton Energy (PE), which…
