Listing rules for renewable power plants eased
In its support to the development of renewable energy, the Stock Exchange of Thailand (SET) is issuing new listing rules which will take effect from March 26.
The rules are applicable to all seeking to list on the second-tier bourse, Market for Alternative Investment (MAI).
“The new rule supports fund raising of renewable energy business, which is useful to our economy and environment, and builds national energy security. The listing enables renewable energy firms to improve their projects with fewer funding limitations," said MAI President Chanitr Charnchainarong.
He noted that the move is in line with Thailand’s Power Development Plan (2010-2030) of the Energy Ministry which sets to promote power generating from renewable energy to 20 per cent of total power production in 2030.
Chanitr said that MAI held hearings with many stakeholder groups to suit the needs of business owners and business conditions.
Power plants meeting the new requirements are those using any kinds of renewable energy sources, such as solar, wind, water, biological, and biomass energy, with a market capitalisation of over Bt500 million. They must also have power purchase agreement (PPA) signe, with commercial operation date for at least one year. SET also sets the silent period for the applicants at two years. The applicants must also give clear and adequate information about risks of power sale contracts, government subsidies, material procurement, material costs, and technology to investors.
