EGAT privatization receives boost

Brooker group analyst explains how the appointment of a new governor may speed privatization.

Last week, progress towards the privatization of the Electricity Generating Authority of Thailand EGAT received a major boost with the selection of its new Governor, Mr. Sitthiporn Ratanopas, by a government nominating committee. Mr. Sitthiporn has spent the last two years as President of Electricity Generating Plc EGCOMP, a holding company and power plant operator set up by EGAT in 1992 that was listed on the Stock Exchange of Thailand SET in January 1995.

One of EGCOMP's largest...

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