Briefs

FRIDAY, NOVEMBER 16, 2012
Briefs

Ratch starts producing power at Huay Bong 3 wind-turbine plant

Ratchaburi Electricity Generating Holding reported to the Stock Exchange of Thailand that the Huay Bong 3 Wind Turbine Power Project in Nakhon Ratchasima had started commercial operation on Wednesday for the supply of power to the Electricity Generating Authority of Thailand.
The facility has installed generating capacity of 103.5 megawatts, and a non-firm purchase agreement for a small power producer from Egat with a 10-year subsidy of a Bt3.50-per-unit adder from the Power Department Fund Management Division of the Energy Regulatory Commission, said CEO Noppol Milinthanggoon.

Beauty Community readies IPO
Cosmetics and skincare retailer Beauty Community set the price range of its initial public offering at Bt7.50-Bt8.50 per share, said chief executive officer Suvin Kraipubet.
The company will meet institutional investors for book building before finalising the IPO price at the end of this month. It is expected to trade on the Stock Exchange of Thailand next month. It will launch an IPO of 82.5 million shares, of which 80 million will be allocated for general investors and the rest for its employees.
The company earned revenue of Bt558 million during the first nine months, up 21.95 per cent over the same period last year. Its net profit stood at Bt122.92 million, up 22 per cent year on year. – The Nation