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Ratch closing in on new acquisitions Energy giant plans to spend B7bn on power plants published : 15 May 2021 at 06:59 1 Wind turbines at the Collector Wind Farm project in New South Wales, Australia. It started operations in the first quarter this year. SET-listed Ratch Group expects to conclude its 7-billion-baht purchase of new power generation assets soon offering 350 megawatts of capacity, strengthening its status as the largest private power producer by capacity. Chief executive Kijja Sripatthangkura did not name the assets, saying o...

No more late passes published : 18 Jan 2021 at 04:30 8 After more than five years of delay, the House of Representatives has finally decided to fine the contractor responsible for the new parliament's construction. However, whether the penalty will be enforced or not remains in doubt. The secretariat of the House of Representatives recently rejected a request by Sino-Thai Engineering and Construction Plc (Stecon) to extend the construction period of the 23-billion-baht parliament complex for a fifth time, from January to May, after the company failed to finish the project by the deadline...

Error gets firm off NACC bribery hook 14 Construction giant STEC charged under wrong section of Criminal Code published : 17 Dec 2020 at 07:55 14 The National Anti-Corruption Commission (NACC) has decided not to seek the prosecution of Sino-Thai Engineering and Construction Plc (STEC) in a bribery case that allegedly occurred in 2015. Commissioners voted 6 to 3 on Tuesday not to prosecute the company after finding that the wrong law had been applied to the case from the outset, the Isranews Agency reported. During the course of the investigation, the firm was accu...

Deadline for building looms 1 The secretariat of the House of Representatives will hold talks with legal experts to find solutions to the unfinished construction of the new parliament complex as the new deadline for its completion approaches. Pornpit Petcharoen, secretary of the House of Representatives, said the deadline is Dec 31 and the House secretariat will discuss the matter with its legal advisers on how to proceed. Ms Pornpit did however note that construction of the interior of the new parliament complex has made much progress. Sino-Thai Engineering and Construction Plc (Stecon),...