Enron eyes Thai power sector

Tue, 10 Aug 1999 | Source: DJ

SINGAPORE (Dow Jones): Houston-based energy company Enron Corp. is exploring investment opportunities in Thailand's natural gas and electricity sectors, according to industry reports.

Enron officials met with Thai government officials late last week to discuss potential energy-related projects in the country, reports said.

Enron's move into Thailand - prompted by the nation's plans to deregulate its power sector and a recovery in Asian markets this year - is part of its strategy to expand its activities in Asia, Enron officials said.

The Thai government is planning to sell a 40 percent stake in its 4,600-megawatt Ratchaburi power plant by 2000. The government will hold a 33 percent stake in Ratchaburi after the sale.

"We recently decided Enron has to be in Thailand and are considering a number of energy development projects," Enron International's managing director Michael Brown said in the July 9 Global Power Report.

View JSON | Print