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Wednesday December 6, 12:23 PMThai Glow Energy to expand power capacityBANGKOK, Dec 6 (Reuters) - Thai utility Glow Energy PCL said on Wednesday it would build a new power plant to expand capacity by 120-140 megawatts after signing two contracts with petrochemical companies of the Siam Cement group.Glow, controlled by French utility group Suez , said it signed 20-year agreements to supply power to Map Ta Phut Olefins Co and Thai Polyethylene Co. It would finalise the costing of the first stage of the new plant with a 100-120 MW capacity in the first quarter of 2007, it said in a statement. Glow produces and supplies electricity, steam and water to industrial customers in the Map Ta Phut industrial estate in Rayong province and nearby. It has a power generating capacity of 1,709 MW, or 7 percent of Thailand's capacity. Suez group owns 69.11 percent of the Thai firm, according to stock exchange data. At 0406 GMT, Glow shares were unchanged at 32 baht, while the main Thai stock market index was 0.44 percent higher. ($1=35.66 Baht) |
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