Pak Lay and Luang Prabang dam Power Purchase Agreements (PPAs): Who benefits?

As media attention focused on the dissolution of the parliament to prepare for the upcoming national election, news that a Power Purchase Agreement with Electricity Generating Authority of Thailand (EGAT) was signed for the Pak Lay dam slipped by without making much of a ripple. Gulf Energy, a Thai company which holds 40% equity in the Pak Lay Power Company, notified the Stock Exchange of Thailand (SET) of having signed the PPA on Monday 20 March.

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Pianporn Deetes