EGAT invests in RATCH’s capital increase to support power plant business
Date 09 Apr 2022 time 12:05
EGAT invests in RATCH’s capital increase to support power plant business Continue the government’s strategy towards the development of renewable energy in the future
Mr. Boonyanit Wongrakmit, Governor of the Electricity Generating Authority of Thailand (EGAT) revealed that EGAT, as a major shareholder in 45% stake in the established RATCH Group Plc. to operate business in the form of holding shares in other companies to invest in subsidiaries, joint ventures and other investments that operates electricity generation and related businesses There are representatives of EGAT who are experts and have long experience in the power business. Become part of the Board of Directors to provide insights and perspectives that are beneficial to RATCH’s business operations, and to contribute to the direction and strategy of RATCH’s business to drive long-term sustainable corporate growth.
EGAT is ready to support RATCH’s capital increase to strengthen its financial position to support future business expansion plans. The Cabinet meeting (Cabinet) has already approved and approved the investment in RATCH’s capital increase shares. The amount is not more than 11,250 million baht. The benefits that will be received from this capital increase will help RATCH to restructure its investments and pay off debts to increase financial liquidity. and maintain financial ratios in accordance with the requirements of Credit Rating Agencies, as well as to increase the potential of business operations for stable and sustainable growth. There is an additional plan to expand investment in electric power both domestically and internationally.
Governor of the Electricity Generating Authority of Thailand (EGAT) added that With the strategy of RATCH Group aiming to develop renewable energy in accordance with megatrends and directions of the world energy industry. Emphasis is placed on reducing greenhouse gas emissions from power plants that are already in production both at home and abroad. Increasing efficiency in electricity generation and using energy efficiently Setting goals to reduce GHG caused by activities of the organization, both directly indirectly and in other areas occurring in the company’s business chain This is an action that helps support EGAT’s strategy and Thailand’s strategy.
At the same time, RATCH’s operational potential as an energy company with clear growth plans and is also a long-term stable income base The current portfolio of power generation capacity is more than 9,000 megawatts, located both domestically and internationally. There is also a goal to create sustainable growth from the plan to expand investment in power plants from clean energy such as wind power plants, solar power plants, hydroelectric power plants, geothermal power plants. and other businesses The target is set within the next three years, or by 2025, it is expected to have a total power generation capacity of 10,000 megawatts, which will increase the proportion of capacity from clean energy power plants to 25% from the current 15% proportion, with added value. RATCH’s business to 200 billion baht, making RATCH a stock with potential and expected to provide good and consistent return on investment in the long term.
