Power supply at 3 estates resumes
The Provincial Electricity Authority (PEA) has supplied electricity to three inundated industrial estates - Factory Land, Nava Nakorn Industrial Estate and Bang Pa-in Industrial Estate.
PEA Governor Narongsak Kammales said that power supply to Factory Land fully resumes, while the supply to the other two industrial estates covers only 13 factories each.
"Water level at the other four industrial estates remains high," he said, referring to Hi-Tech Industrial Estate, Rojana Industrial Park, Bangkadi Industrial Park and Saha Rattana Nakorn Industrial Estate.
It was reported yesterday that Thailand Tobacco Monopoly (TTM) may relocate its Bt16.2 billion cigarette factory from Rojana. TTM had bought 242 rai of land at Rojana Industrial Park in 2009, and has plans to acquire another 100 rai.
To DBS Research, TTM’s decision to relocate to another industrial park, if any, would be very negative news for Rojana, as it will not only lose the potential 100-rai of land sales but future sales to other investors could be affected as confidence slips.
Rojana is now planning to construct a 4-metre-high concrete barrier around its industrial park as one of the flood prevention measures in order to restore investors’ confidence. This will cost the company about Bt1.3-Bt2 billion, using soft loans from the government.
