RATCH Settles a JV to Operate a 40MW Power Plant in Korat, Scheduling a COD in 2023

Ratch Group Public Company Limited (RATCH) notified regarding to the signing of the Shareholder Agreement among RATCH, Navanakorn Public Company Limited and Pea Encom International Company Limited in which the shareholding proportion is 40, 35 and 25 per cent respectively to jointly develop  a power project in Nakhon Ratchasima Province.

 

The three shareholders have already registered the establishment of the joint venture company on April 21, 2020 under the name of REN Korat Energy Company Limited. The registered capital is 1 million baht, divided into 100,000 shares valuing at 10 baht each.

 

The project of REN Korat Energy is a cogeneration independent power supply with the generation capacity of approx. 40 megawatts, which will be located in Navanakorn Industrial Promotion Zone, Nakhon Ratchasima Province. The project cost is approx. 2,176 million baht. The generated power and steam will be sold to industrial customers and the commercial operation is scheduled in July 2023.