Thai Ratchaburi to Raise its Stakes in Wind Project

Thailand's Ratchaburi Electricity Generating Holding, in a statement, said that the company has jacked up its investment in the 60 MW Khao Kor wind power project from the existing 30% to 51%. This proposal is a part of its plan to concentrate more on renewable energy products.

The additional procurement of 21% is made with an investment of nearly 107.1 million baht or $3.4 million the other shareholder is Wind EnergyHolding Co Ltd., with a 39% claim and the rest is held by private investors.

The company currently holds the distinction of one of the largest power producer in the country and has announced its plans to harvest 100 MW power from renewable energy sources by the year 2016. The present announcement of the company aligns with the government’s policy of driving private sector to invest and use more green energy products and reduce their dependence on fossil fuels.

The proposed wind power project is likely to be situated in the northern province of Petchaboon and anticipated to start its commercial operations by the year 2012. The wind plant is planning to put an agreement with Electricity Generating Authority of Thailand during the course of this month. The other major stake holder in the wind project is Wind Energy Holding Co Ltd and the list includes individual investors.

Source: http://www.ratch.co.th