ELECTRICITY
Ratch puts mine purchase on hold as coal price dips sharply
- Published: 15 Nov 2012 at 00.00
- Newspaper section: Business
The SET-listed Ratchaburi Electricity Generating Holding Plc (RATCH), Thailand's largest private power producer, is to delay the purchase of a coal mine in Indonesia, as the global coal price has dropped sharply.
Ratch had planned to acquire a mine to serve its new coal-fired power plants in Thailand, Cambodia and Myanmar.
However, the coal price has lost 30% this week, said chief executive Noppol Milinthanggoon.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
