State-owned power utility EGAT plans to raise up to 20 billion baht by listing an infrastructure fund in the first quarter of 2015. The proceeds from the initial public offering (IPO) would be used to finance construction of new power plants and transmission lines in the country. The fund was planned to be launched this year, but has been delayed due to domestic political unrest. The plan is subject to approval from Thailand’s Ministry of Finance and the cabinet. EGAT has appointed Siam Commercial Bank as the financial adviser and Krungthai Asset Management Company as the manager of the fund. Earlier, the utility had announced its plan to invest around 400 billion baht during 2014–18 for the construction of new power plants and upgradation of transmission networks.
