Italian-Thai Development Public Company Limited ("the
Company") is pleased to inform SET that on Nov 14 , 2011 the
Company has signed a memorandum of understanding (MOU) with
Ratchaburi Electricity Generating Holding Public Company
Limited (RATCH) to jointly develop
400 MW, and 2 x 1,800 MW coal-fired power plant projects
which was located in the Dawei Industrial Estate , the
Republic of the Union of Myanmar. The power plant will
distribute the electricity to other industrials operating in
the Dawei Industrial Estate and the Electricity Generating
Authority of Thailand, respectively. Regarding to the
Ownership agreement, it said ITD will hold 70% stake and its
RATCH 30% stake in the power project company. Following the
MOU, the Parties will further sign Joint Development
Agreement to set up the project development plan and project
study in details leading to the purpose of the decision to
jointly develop the project in the joint venture company.
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- Italian-Thai Development Public Co Ltd. : The Company has signed a memorandum of understanding (MOU) with RATCH