Business Services Industry
Thai generating concern Egco eyes stake in Laotian power plant concessions.
Knight Ridder/Tribune Business News, August, 2004
By Yuthana Praiwan, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Aug. 25--Electricity Generating Plc (Egco) is set to expand its power generation concerns in Laos by acquiring a 15-30 percent stake in hydroelectric concessions awarded to the private sector by the Vientiane government, according to Egco president Chalermchai Ratanarak.
Thailand signed a deal with Laos 10 years ago in which the Electricity Generating Authority of Thailand (Egat) agreed to buy power from six major generating projects proposed by Vientiane with a combined capacity of 3,000 megawatts.
The projects scheduled to come online in 2006 are Nam Ngum 2 (553 megawatts) and Nam Ngum 3 (430 MW). Due in 2008 are Hongsa Lignite (608 MW), Xe Pien-Xe Nam...
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