Thailand’s vertically integrated power utility, Electricity Generating Authority of Thailand (EGAT) has stated that its plan to raise at least 17 billion baht by listing an infrastructure fund could face delays amidst ongoing political unrest. EGAT has scheduled the IPO of the fund for July–August 2014, which will need to be approved by the new government. Although the Election Commission has estimated that the new government will be established by August 2014, whether this would actually happen remains uncertain. EGAT had planned to use the proceeds from the IPO to finance the construction of new power plants and transmission lines.
