EGAT taps EGAT to borrow 8.5 billion after helping Thai people to bear the burden of FT.

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source fromElectricity Generating Authority of Thailand (EGAT) revealed that Meeting of the Energy Policy Administration Committee (MPG) Recently, it has approved the guidelines for borrowing money to manage the burden of automatic variable electricity (Ft) according to the government policy for fiscal year 2023 (1 Oct. 2022-30 Sep 2023) under EGAT’s framework. Approximately 85,000 million baht

by askingMinistry of FinanceGuarantee loans for EGAT. In this regard, to enhance liquidity from the fact that EGAT, as a state-owned enterprise, has followed the government’s policy to help pay for Ft in order to reduce the impact on electricity costs for people from the period of Sept-Dec. 2021 until the current period (May-Aug. 2022) totaling 87 billion baht.

“Previously, the Cabinet has approved EGAT to borrow money to enhance financial liquidity in the years 2022 – 2024 within the limit of 25 billion baht by means of financing in the form of Term Loan, with maturity of not more than 3. years without guarantees by the Ministry of Finance But still insufficient compared to the burden of carrying electricity bills on behalf of the people, thus having to expand the credit limit, which is estimated that EGAT will have a severe lack of cash flow in the beginning of 2023, need to borrow to enhance liquidity The set framework may not be able to recover, depending on the trend of Ft in the next period of how much burden EGAT will have to bear.”

The source said that EGAT had written a letter toMinistry of EnergyPreviously to the problem of lack of liquidity after helping to alleviate the burden of electricity on electricity users from the increased Ft adjustment, admitting that if the next Ft consideration, Sept-Dec. 2022, it is difficult for EGAT to bear the burden again because it will cause the burden of EGAT to bear the burden of 100 billion baht. EGAT may not be able to invest in various projects according to the plan, which will affect the stability of the electrical system in the long run

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Mr. Komkrit Tantravanich Secretary-General of the Energy Regulatory Commission (ERC) As a spokesman for the Election Commission, he admitted that the Ft fee in the next period (September-December 65) on the original assumption would have to be raised by about 40 satang per unit, causing the electricity bill that people would have to pay in total. (base electricity bill) will be 4.40 baht per unitbut admit that various factors which is the actual cost increased from the original assumption, both the baht depreciation The price of liquefied natural gas (LNG) is higher than expected, etc., causing the next Ft to rise more than 40 satang per unit, but the total electricity cost will not reach 5 baht per unit.

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