Thailand’s Electricity Generating Public Company (EGCO) is scouting for power generation assets in India, including those in the clean energy space, two people aware of the development said.
State-run Electricity Generating Authority of Thailand (EGAT) owns 25.41% in EGCO, a listed company. According to information available on its website, the EGCO Group has a contracted capacity of 4,573.81 megawatts (MW) through 28 power projects in Thailand and in countries such as Australia, the Philippines, Laos and Indonesia.
EGCO’s interest comes against the backdrop of India’s focus on improving electricity access with the government launching the Rs16,320 crore Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya to provide electricity connections to over 40 million families in rural and urban areas by December 2018. This in turn will help in improving education, health and connectivity with the multiplier effect of increased economic activities and job creation. Mint, on 2 October, carried a report on the Indian government’s plan to leverage the Saubhagya architecture to promote induction cooking, heating and charging for electric vehicles, apart from the initial target of providing lighting. Read More…
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