Thai power firm eyes expansion in Laos

Thailand's Ratchaburi Electricity will spend $43.4 million to buy IPO shares in Lao power producer Electricite du Laos-Generation.

Ratchaburi, Thailand's largest private power producer, said last week it planned to invest $529 million in 2011. With limited growth at home, Ratchaburi, like other major Thai power producers, is looking for growth opportunities abroad to boost capacity, especially in Asia.


EDL-Generation is 75 percent owned by state-owned Electricite de Laos and has a policy of paying out not less than 50 percent of its net profit in dividends.

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