Thailand: EGATi to explore investment in renewable energy abroad

Thailand: EGATi to explore investment in renewable energy abroad

THE ELECTRICITY Generating Authority of Thailand (EGAT)has tasked its
subsidiary Egat International (EGATi) with looking for opportunities to
invest in renewable energy projects abroad.

Egat chairman Areepong Bhoocha-Oom said EGATi, which is Egat's overseas
investment arm, would have to catch up with the global trend of green
energy.

Egat definitely wants two gigawatts of renewable energy. It will focus on
Thailand and EGATi elsewhere to reach that target.

EGATi president Watchara Hemruchatanun said EGATi has conducted a
feasibility study on expanding in the electricity-generating business with
the focus on renewable energy.

The study is expected to be finished in six months or by the end of the
year.

If the company decides to enter the renewable energy business, it will start
with Asean countries.

The investment can be done via many options from investing on its own or
with partners to mergers and acquisitions.

However, the renewable energy business requires plenty of capital, so the
company will make sure that the time is right and the project is profitable,
he added.

EGATi has set for itself a 10-year, Bt17 billion capital expenditure plan,
starting this year, with the aim of boosting generation capacity to 1.7GW by
2026.

EGATi owns 30 per cent of Nam Ngiep 1 Power Co (NNP1PC), which is developing
the 289-megawatt Nam Ngiep 1 hydropower project in Laos.

The plant, which is under construction, will begin commercial operations in
two years.

The two other projects the company is involved in include the Upper Thanlwin
hydropower project (Mong Ton) in Myanmar with total generating capacity of
3GW, of which 900MW is EGATi's share.

The project is expected to start |commercial operations sometime from
2026-28.

The other development is the Quang Tri 1 thermal power project in Vietnam
with capacity of 1.2GW. It is expected to commence commercial operations in
2023 or 2024.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com