Ratchaburi Holding to invest $260 million in 2012

• 12 years ago (2012-02-14)
• David Flin

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Thailand’s Ratchaburi Electricity Generating Holding has announced that it plans to invest $260 million in 2012 in 13 energy projects both inside and outside Thailand.

Noppol Milinthanggoon, CEO of Ratchaburi Holdings, said that under the investment plan, the company will focus on electricity generation and renewable energy. He said that the investment plan includes greenfield and brownfield projects, as well as mergers and acquisitions. He said: “To comply with our investment policy, we expect to share at least a 25 percent stake in each venture. We will also look at neighbouring countries which show a greater potential in the power industry due to economic growth leading to an increasing demand for electricity.”

He said that the $260 million would be invested in 13 projects, which would boost the company’s generation capacity by 300 MW by the end of 2012. The company is confident that, with a debt to equity ratio of 0.97, it will be able to raise funds to finance new investment.