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Egat plans to venture into SE Asia

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  • Writer: Khettiya Jittapong and Wilawan Pongpitak/Reuters
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State-owned power producer Electricity Generating Authority of Thailand (Egat) plans to venture overseas and could invest 17 billion baht in expanding into Laos, Vietnam, Indonesia and other regional markets, a group executive said. 

Thailand's domestic power demand is expected to reach 52,256 MW by 2030 from 26,355 in 2013. (EPA photo)

EGAT will be joining private Thai power producers such as Ratchaburi Electricity Generating Plc and Electricity Generating Plc in looking overseas for growth as a slowing economy at home saps demand and opposition from locals and environmental activists make domestic expansion harder.

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