THE NATION
RATCHABURI Electricity Generating Holding has agreed a joint venture with China General Nuclear Power Corp (CGN) and Guangxi Investment Group Co (GIG) in relation to the Fangchenggang Nuclear Power Project Phase II in China.
The three partners signed the equity joint-venture contract for establishing Guangxi Fangchenggang Nuclear Power (II)Co, which will develop, construct and operate Fangchenggang NPP Phase II.
The investment by Ratchaburi Electricity Generating Holding (Ratch) was conducted through Ratch China Power, a subsidiary, with a 10-per-cent shareholding.
CGN and GIG hold 61 and 39 per cent respectively.
Ratch chief executive officer Rum Herabat said yesterday that the transaction marked a milestone of successful business expansion into China.