Egco mulls acquisition of four power plants to maintain return on equity
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Electricity Generating (Egco) Group is considering taking over four local and overseas power plants as part of a plan to maintain its return on equity at 10 per cent over the next five years, president Sahust Pratuknukul said.
This follows the expected decline of the power generator’s return on equity to 9 per cent next year, due to the electricity-sales contract of its plant in Rayong expiring this coming December.
If plans to take over the four plants are successful, profit will come in immediately, which will enable the company to maintain its return at 10 per cent, he said.
Besides the takeover plan, the company is still studying whether to set up a power plant in the Dawei Industrial Development Zone in Myanmar.
The Nation
