SET Announcements
SIGNS A SHAREHOLDER AGREEMENT
The Bangchak Petroleum Plc (BCP) reported that it has signed a
Shareholder Agreement with three shareholders of Bangchak Power Co.,Ltd.
After the contract signing, the ownership ratio in Bangchak Power Co.
,Ltd. of BCP, Exgo Joint Investment & Development Co.,Ltd., Energy And
Infrastructure Development and Coastal Bangchak Power Co.,Ltd., will be
40%, 30% , 15% and 15% respectively.
Bangchak Power Co.,Ltd. has been registered since January 31, 1996
with an initial registered capital of Bt40 million. It has a plan to
raise its capital to Bt500 million for a project concering the
construction of power plants under the Electricity Generating Authority
of Thailand (EGAT)'s rules.
After the construction, EGAT will purchase 70 meggawatts of SPP
electricity.
The company is accepting bids for construction and is expected to
be finished in November, 1996.