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Thai state power firm may delay $515M infrastructure fund
Thai state power firm may delay $515M infrastructure fund
State-owned Electricity Generating Authority of Thailand (EGAT) said its plan to raise at least $515 million by listing an infrastructure fund could face delays due to the country's ongoing political unrest. EGAT, Thailand's largest power producer with installed capacity of 15,000 megawatts, needed an approval from

Thai state power firm may delay $515M infrastructure fund

Date: 2014/02/04
Source: Business Times
State-owned Electricity Generating Authority of Thailand (EGAT) said its plan to raise at least $515 million by listing an infrastructure fund could face delays due to the country's ongoing political unrest.

EGAT, Thailand's largest power producer with installed capacity of 15,000 megawatts, needed an approval from the new government to go ahead with the initial public offering of the fund,

"We have planned to offer the fund in July to August, but we need to seek approval from the new government and we are unsure if the new government will be established in time," said EGAT Governor Soonchai Kumnoonsate.

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