Ratchaburi Electricity Generating Holding Public Company Limited is a leading Independent Power Producer in Thailand, with an ambitious vision aiming to be a leading value-oriented integrated energy company in Asia-Pacific. Founded on 7 March 2000, the Company has the issued and paid-up capital of THB14.5 billion and the Electricity Generating Authority of Thailand (EGAT) is its major shareholder with 45% equity stake. It is regarded as a listed company because of its securities registered in the Stock Exchange of Thailand under the trading symbol of “RATCH.”
Operated as a holding company, RATCH seeks to equity invest in core companies, subsidiaries, and/ or joint ventures, subject to its shareholding proportion. Its investment is mainly focused on fossil fuel power generation projects, renewable projects as well as businesses adjacent to electricity generation and energy both in Thailand and internationally. Its main incomes are in forms of dividend and profit sharing from invested companies.
As of February 2017, RATCH accounts the total equity installed capacity of 6,980 megawatts. Capacity of 6,442 megawatts has commercially been operated and 538 megawatts is under development and construction phases. At Present, RATCH’s operations are located in Thailand (4,949 megawatts capacity), Lao PDR (1,122 megawatts capacity), Australia (653megawatts capacity), Japan (20 megawatts capacity) and China (236 megawatts capacity). Regarding the satisfactory operating performance in 2016, RATCH booked the 8.338-billion-baht profit before interest and tax expenses and 6.166-billion-baht profit, increasing 93% over year. The total revenues amounted to 51.280 billion baht which can be divided in to 93% (equal to 47.578 billion baht) from electricity sales and services, 6% (equal to 3.112 billion baht) from profit sharing from joint and associate companies and dividend, and the remainder from interest income and others. For the financial position as of December 31, 2016, the company booked 96.391-billion-baht assets, 33.938-billion-baht liabilities, 62.453-billion-baht shareholder’s equity, 12.595-billion-baht cash and investment capital and 48.825-billion-baht retained earnings.