Govt demands new investment plan from Egat
The government's energy regulators asked Egat to submit a new investment plan, in order to ensure that it can produce half the energy supply for the next 10 years, after the company had to delay its plan to raise funds on the stock market.
Committee chairman Yongyut Vichaidit said yesterday regulators were concerned that the listing delay may affect Egat's capacity to produce half the electricity demand from 2011-15. The regulating committee feels that if Egat cannot fulfil the obligation, it may have to ask other private producers to take over supplying some of the required energy instead.Yongyut said if Egat failed to come up with a clear revised plan, his agency might have to forward the case to the Energy Policy and Planning Committee for them to consider whether any changes should be made. If that happened, it might affect the ratio for power production, which would open up to bidders under the Independent Power Producers (IPP) programme. Regulators do not permit Egat or subsidiaries in which it holds more than 25 per cent to participate in IPP bidding. Yongyut said his committee would consider whether this criterion remained applicable now that Egat's listing plan has had to be delayed.
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