Ratch puts mine purchase on hold as coal price dips sharply
The SET-listed Ratchaburi Electricity Generating Holding Plc (RATCH), Thailand’s largest private power producer, is to delay the purchase of a coal mine in Indonesia, as the global coal price has dropped sharply. Ratch had planned to acquire a mine to serve its new coal-fired power plants in Thailand, Cambodia and Myanmar. However, the coal price has lost 30% this week, said chief executive Noppol Milinthanggoon…. The possible investments in power generation in Myanmar and Cambodia are planned to tap an increase in electricity demand in those countries. …
