Tokyo Gas buys stake in Thai gas-fired power plant
Japan's Tokyo Gas Co said on Monday it has taken a 28-percent stake in the
operating company of a 350-megawatt natural gas-fired power plant in
Thailand, marking its first foray into power generation in Southeast Asia.
The Tokyo-based city gas supplier said in a statement that it had acquired
the stake in Eastern Power and Electric Co from Total Gas & Power Thailand.
It expects stable earnings due to a power supply contract until 2023 with
state-run Electricity Generating Authority of Thailand (EGAT).
A company spokeswoman said the purchase cost "several billions of yen". One
billion yen is about $10 million.
Eastern Power and Electric's Bang Bo power plant, about 50 km (30 miles)
east of Bangkok, started commercial operations in 2003.
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Ref: http://af.reuters.com/article/commoditiesNews/idAFL3N1C91UE
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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