PTT sells Asia’s longest dollar bond, raises $700 mln
HONG KONG, July 10 (Reuters) – Thailand’s largest energy company PTT raised $700 million from the sale of a 50-year bond in Asia’s longest dollar corporate debt deal, and bankers believe the shift towards longer-dated tenors in the region will continue. The bonds were priced to yield 3.7% in the deal that was executed overnight […]
Thai firm buys two wind power farms in VN across from Cambodia
Thailand’s Gulf Energy Development Plc has announced the purchase of two wind power farms worth $200 million in Vietnam. The move aims to take advantage of low building costs and a quick return on investment. The company reported to the Stock Exchange of Thailand that it entered into a share purchase agreement with Dien Xanh Gia Lai […]
GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first.
The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand as its first new market. GCPF is set to invest USD 10 million in the solar firm.
Mercedes-Benz awaits EV clarity as officials go mum
Mercedes-Benz Thailand may delay its investment in the electric vehicle industry here after seeing no clear direction from the government to translate EV policy into action. The German luxury car maker is calling on the government to hasten its plan to develop infrastructure to accommodate EV drivers.
Ratch giving Teco to Hin Kong Power
Ratch Group has announced a plan to decommission the wholly owned Tri Energy (Teco), a 20-year-old operator of a combined-cycle power plant, after its power purchase agreement (PPA) with Electricity Generating Authority of Thailand (Egat) expired on June 23. Kijja Sripatthangkura, Ratch’s chief executive, said the company will have Hin Kong Power, which is jointly owned […]
Cabinet accepts B200bn in energy schemes
The cabinet on Tuesday acknowledged the Energy Ministry’s plan to accelerate investment in energy projects worth more than 200 billion baht, starting later this year, in a collective move to help reboot the economy. According to Rachada Dhnadirek, deputy government spokeswoman, the Energy Ministry has pledged to rev up spending on large-scale energy projects and renewable […]
Energy minister comes up with plan to spark Thai economy
BANGKOK (The Nation/ANN): Energy Minister Sontirat Sontijirawong has come up with a plan to help mitigate the impact of Covid-19 and plans to propose it to Deputy Prime Minister Wissanu Krea-ngam on Thursday (June 25). Sontirat said this plan will help accelerate investments, such as community power plants to stimulate the grassroots economy, promote the country […]
Minister seeks solar rooftop revisions
Energy Minister Sontirat Sontijirawong has demanded a revision of conditions for the solar rooftop project within two months to encourage more households to produce and sell power to the state grid.
