Last week, progress towards the privatization of the Electricity Generating Authority of Thailand EGAT received a major boost with the selection of its new Governor, Mr. Sitthiporn Ratanopas, by a government nominating committee. Mr. Sitthiporn has spent the last two years as President of Electricity Generating Plc EGCOMP, a holding company and power plant operator set up by EGAT in 1992 that was listed on the Stock Exchange of Thailand SET in January 1995.
One of EGCOMP's largest shareholders is CLP Power Projects Thailand Ltd, a wholly-owned subsidiary of Hong Kong-based China Light and Power Co Ltd, that currently holds a 20.75% stake in the company. As well as being President of EGCOMP...
