Egat gets approval for power plant-backed infrastructure fund in Thailand

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Egat gets approval for power plant-backed infrastructure fund in Thailand

Last week, the Superboard of state enterprises of Thailand agreed to allow the launch of a 20-billion baht (US$608 million) infrastructure fund for the Electricity Generating Authority of Thailand (Egat).

This would be the first fund launched by a state enterprise in Thailand.

The fund, which is expected to submit its initial public offering (IPO) application to the Securities and Exchange Commission by the year-end, will be backed by income for over 20 years from Egat's North Bangkok power plant.

Kulit Sombatsiri, director-general of the State Enterprise Policy Office, said after meeting the State Enterprise Policy Commission:

"The IPO will open for subscription within the first quarter of next year."

The State Enterprise Policy Commission also agreed to improve the public-private partnership law to make it more transparent and to make private firms feel comfortable on infrastructure development.

Investors lately complainted that the law still presents obstacles even after it was amended last year. The Commission said that related agencies will be invited to discuss improvements, with amendments to conclude by the first quarter of 2015.

Kulit also said Airports of Thailand and Expressway Authority of Thailand would launch similar funds.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.