Reuters, Thu Mar 19, 2009 2:58am EDT
BANGKOK, March 19 (Reuters) - Thailand's Ratchaburi Electricity Generating Holding RATC.BK said on Thursday it was in discussions with PT Truba Alam Manunggal Engineering Tbk about investing in a power plant in Indonesia.
Ratchaburi, Thailand's largest private power producer, expected to take about 40 percent in the coal-fired power plant, which had an estimated cost of $274.3 million, the Thai firm said in a statement.
The 270-megawatt power plant is located in Kuala Tanjung and commercial operations are expected to begin in 2010.
Apart from Indonesia, Ratchaburi has said it is looking for opportunities to invest in Laos and Vietnam as part of its attempt to boost capacity.
Ratchaburi is 45 percent owned by state-run Electricity Generating Authority of Thailand and 15 percent owned by Banpu (BANP.BK), the country's biggest coal miner.
At the midday break, Ratchaburi shares were up 0.65 percent at 38.75 baht, while the overall market was 0.94 percent higher. (Reporting by Khettiya Jittapong; Editing by Alan Raybould)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.