EGAT, MWA to create infrastructure funds


Two state enterprises - the Electricity Generating Authority of Thailand and the Metropolitan Waterworks Authority - are expected to create infrastructure funds this year and three state enterprises intend to list their subsidiaries on the stock exchange.

 

 

Egat is expected to set up an infrastructure fund of at least Bt5 billion this year, said Kulit Sombatsiri, deputy director-general of the State Enterprise Policy Office (Sepo).

He said the Securities and Exchange Commission (SEC) is drafting the rules for Egat's infrastructure fund.

The MWA also plans to raise funds from the public to expand its investment in tap water services in Greater Bangkok by transferring its property in the Thonburi area to the proposed fund, he said.

Some other state enterprises are also interested in setting up such a fund, he said.

Sepo would also help the subsidiaries of MCOT, Krung Thai Bank and PTT to list on the stock exchange, said Kulit.

PTT plans to list Star Petroleum Refining, MCOT wants to list Panorama Worldwide and KTB aims to list Krung Thai AXA Life Insurance  






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