SET-listed Electricity Generating Plc (Egco), Thailand's second-largest private power producer, has been in talks to acquire 90% of a wind turbine developer for about US$400 million.
The deal is expected to be concluded early next year. Located in Chaiyaphum, the wind project is slated for 200-megawatt capacity with operation to begin in 2014, said president Sahust Pratuknukul.
"The project is in the northeast of Thailand, which has potential for strong wind flows," he said.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.