EGAT Needs 3 Billion Baht For 2 New Power Plants

[Jai Dee]

EGAT needs 3 billion baht for 2 new power plant projects

The Electricity Generating Authority of Thailand (EGAT) will seek a loan of 3 billion baht for the construction of 2 new power plants.

Norkhun Sitthipong (ณอคุณ สิทธิพงษ์), deputy permanent secretary for energy, said EGAT board has already approved EGAT’s 2006-2007 investment plan under which the Songkhla and South Bangkok power plants will be built.

Mr. Norkhun said EGAT estimated to make a profit of 24 billion baht this year which is lower than the set target of 26 billion baht as users have cut down their electricity consumption.

Source: Thai National News Bureau Public Relations Department - 20 May 2006

[plachon]

EGAT needs 3 billion baht for 2 new power plant projects

The Electricity Generating Authority of Thailand (EGAT) will seek a loan of 3 billion baht for the construction of 2 new power plants.

Norkhun Sitthipong (ณอคุณ สิทธิพงษ์), deputy permanent secretary for energy, said EGAT board has already approved EGAT’s 2006-2007 investment plan under which the Songkhla and South Bangkok power plants will be built.

Mr. Norkhun said EGAT estimated to make a profit of 24 billion baht this year which is lower than the set target of 26 billion baht as users have cut down their electricity consumption.

Source: Thai National News Bureau Public Relations Department - 20 May 2006

With an annual profit of "24 billion baht", one really wonders why EAGT should want to take out a loan for a mere 3 billion baht? I guess it makes more sense doing it on the never-never, than reinvesting profits back into the business. Ah, the luxuries of being a monopoly.................

[stumonster]

75 megs , not very big , maybe a small peak load station.

getting the gas from where?