Ratch-Australia Corp, 80 per cent- owned by Thailand's Ratchaburi Electricity Generating Holding Pcl (RATCH), plans to spend A$1 billion ($1.1 billion) in the next three years buying power plants and building wind farms.
Ratch-Australia is considering acquisitions of coal- and gas-fired power stations and renewable energy projects as uncertainty about the government’s price on carbon emissions and lower wholesale electricity prices pushes asset values down, Steve Loxton, chief executive officer of the Sydney-based company, said on Tuesday in a phone interview. The company also may bid on New South Wales-owned power generators when the state government puts the stations up for sale, he said.
"I'd rather be buying now than when times are particularly strong," Loxton said. "If there are large generation assets for sale, we'd definitely take a look. There don’t appear to be many parties wanting to play in that space."
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