Thailand’s Ratchaburi Electricity Generating Holding PCL said on Thursday August 10 it planned to bid for new power projects costing 10 billion baht (US$266 million).
“We plan to bid for three projects which should need about 10 billion baht,” deputy managing director Thawat Vimolsarawong told reporters. Ratchaburi, the country’s largest private producer, has generating capacity of 4,345 megawatts, accounting for about 15% of Thailand’s total.
State-run Electricity Authority of Thailand (EGAT) owns 45% of the company.
The government had planned to invite independent power producers (IPPs) to bid this year for the right to produce up to 13,000 MW in an attempt to avoid a power shortage driven by an economic recovery from the 1997-1998 Asian economic crisis.
But the bidding, to be the first since 1994, is expected to be delayed until 2007 as weaker economic growth has trimmed the growth of power demand.
At 0800 GMT, Ratchaburi shares were unchanged at 34.50 baht, while the overall Thai stock market fell 0.8%. (US$1=37.57 Baht)