All eyes on Fed next week as global shares steady
published : 24 Jul 2021 at 04:00
Recap: Global stocks had a volatile week before picking up on Friday. The MSCI World Index steadied after three days of gains. The market is looking ahead to next week s Federal Reserve meeting after the European Central Bank pledged on Thursday to continue with heavy stimulus spending. Emerging markets and Asian shares slid, pressured by coronavirus worries.
The SET index moved in a range of 1,530.62 and 1,563.88 points before closing yesterday at 1,545.10, down 1.86% from the previous week, in daily turnover averaging 72.51 billion baht.
Retail investors were net buyers of 8.22 billion baht and brokers bought 973.25 million. Foreign investors were net sellers of 6.2 billion and institutional investors sold 2.99 billion baht worth of shares.
Egco plans to start importing LNG to help manage costs
published : 23 Jul 2021 at 04:00 Egco plans to start its LNG shipping business by the end of this year.
SET-listed Electricity Generating (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand (Egat), plans to start importing liquefied natural gas (LNG) by the end of this year to better manage its fuel costs and seek more business opportunities.
The move follows approval granted last month by the Energy Regulatory Commission (ERC), which allowed seven companies to enter the LNG shipping business, previously monopolised by national oil and gas conglomerate PTT Plc. Adding LNG shipping will help our core power generation business with fuel cost management. It will also lead to new investment opportunities in the supply chain of the fuel business, said Thepparat Theppitak, president of Egco.
Kawasaki Receives Gas Engine Order for Thai Cogeneration Project
Kawasaki Heavy Industries Ltd announced its receipt of an order from Singapore-based Jurong Engineering Ltd for four Kawasaki Green Gas
23 Jul, 2021, 4:30 am
Kawasaki Heavy Industries Ltd announced its receipt of an order from Singapore-based Jurong Engineering Ltd for four Kawasaki Green Gas Engines to be used in the RATCH Cogeneration Expansion Project in Thailand. The order was placed through Kawasaki Gas Turbine Asia Sdn Bhd, which is based in Kuala Lumpur in Malaysia. In the RATCH Cogeneration Expansion Project, a 30 MW class gas engine power plant will be added to a 110 MW combined-cycle power plant operated by RATCH Cogeneration Company Limited, which operates under parent company and major Thai power producer RATCH Group Public Company Limited.
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Government agencies are set to approve a 1,400-megawatt gas-fired power plant project in Surat Thani this year, replacing two highly contentious coal-fired power plant projects in the southern region.
The 34-billion-baht facility, to be built in Phunphin district, is expected to receive the green light in the fourth quarter by the Energy Ministry, the National Energy Policy Council and the Ministry of Natural Resources and Environment.
Its development will be carried out by state-run Electricity Generating Authority of Thailand (Egat), following its months-long feasibility study of the project.
Egat governor Boonyanit Wongrukmit said the project will replace controversial coal-fired power plant projects in Krabi and Songkhla s Thepha district, which are expected to be shelved.