Thailand's largest private power generation company, Ratchaburi Electricity Generating Holding Company (Ratch), has revised upwards its 2015 investment plans. The group plans to invest Baht 13bn (US$399m) in 2015, as part of a wider US$1.5bn investment plan to increase its power generation capacity by 47% to 9.7 GW by 2023. In November 2014, the group had announced its plans to invest Bht 12.5bn (US$381m) in 2015.
In the longer term, Ratch planned to invest a total Bht 34bn (US$1bn) in the coming years to finance the development of eight energy projects, including two power plants in Myanmar, one power plant in Vietnam, renewable projects in Japan and Australia, a power transmission line in Cambodia and a coal project in Indonesia.
Ratch (45% owned by state-run Electricity Generating Authority of Thailand (EGAT)), is develoing nine new projects, mostly in Myanmar and Southeast Asia. In Laos, the group will commission the 1,800 MW Hongsa coal-fired power plant (40% stake) in 2015.
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