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          Electricity Generating Authority of Thailand (EGAT), RATCH Group Public Company Limited (RATCH) and Electricity Generating Public Company Limited (EGCO) join hands to establish EGAT Innovation Holding Co., Ltd., focusing on power innovations and cross-border energy trading.

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         On July 14, 2020, in the seminar on “Direction of Energy Sector of Thailand after COVID-19,” held by the Energy Commission of House of Representatives, Mr. Patana Sangsriroujana, EGAT Deputy Governor – Strategy revealed that EGAT, RATCH and EGCO will hold 40%, 30% and 30% shares of EGAT Innovation Holding Co., Ltd., respectively. The establishment aims to make EGAT more flexible in conducting power innovation business and in setting up an energy trading platform with neighboring countries such as Cambodia and Myanmar.

         Mr. Kulit Sombatsiri, Chairman of EGAT Board of Directors said that approximately 250 Million Baht will be invested in Innovation Holding Co., Ltd. which is expected to be registered within the year 2020. This company will replace the role of EGAT in businesses including electric vehicle, EV charging station, transmission Innovation using Artificial Intelligence in monitoring loss of transmission system for cost reduction, Smart Grid and energy trading, etc.

         Source: https://www.energynewscenter.com/กฟผ-ผนึก-ราช-กรุ๊ป-เอ็กโก/