Power sector companies to raise 11.7 billion baht infrastructure fund

The Amata B. Grimm Power Group and SPCG Public Company Limited will raise a total of 11.7 billion baht for an infrastructure fund during the second half of 2013. Amata B. Grimm has sought approval from the Securities and Exchange Commission to raise 6.5–6.7 billion baht in the third quarter of 2013. The company plans to use the proceeds to finance the expansion of its 2,000 MW power plants. SPCG that has planned to invest 10 billion baht in its solar farm business during 2013 aims to raise about 5 billion baht from selling units of an infrastructure fund to the public.