Ratch raises B25bn for expansion in rights issueRatch Group Plc, Thailand's largest private power generation company by capacity, has raised 25 billion baht in a rights issue to expand its business and support its loan payment plans. Choosri Kietkajornkul, chief executive of Ratch, said the funds will increase the company's capital expenditure for power generation and infrastructure projects in Thailand and overseas. Up to 80% of capital spending is allocated for the power business, while 20% will go to infrastructure development, said Ms Choosri. The company signed a power purchase agreement with PT Perusahaan Listrik Negara, Indonesia's state electricity company. The company aims to increase electricity generation capacity to 215MW, up from 185MW, and steam production to 45 tonnes per hour, from 40 tonnes per hour, at this facility.

Source: Bangkok Post June 28, 2022 06:31 UTC