EGAT privatization receives boost

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.