Thai power firm to expand

Thai power firm to expand

BANGKOK (Reuter): Major Thai power producer Electricity
Generating Plc plans to expand its power generating business into
Vietnam, Laos, Indonesia and Myanmar, a senior company executive
said.

"Under our five-year strategy, EGCO will from now on
concentrate more on overseas markets in the region to sustain our
growth," Amporn Pongpreecha, EGCO's managing director, told
reporters.

Amporn said EGCO was now studying markets in the region to
facilitate its planned expansion.

Meanwhile, EGCO's acquisition of a 824-megawatt power plant
from the state Electricity Generating Authority of Thailand, as
part of the government's plan to liberalise power generation, is
expected to be complete early next year, Amporn said.

Khanom Electricity Generating Co Ltd, a wholly-owned unit of
EGCO, has raised 20 billion baht to buy the southern Thai power
plant, he said.