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Bangkok Post

Business

Finance Ministry gets all clear to guarantee B85bn Egat loan

EGAT Finance Ministry Electricity Electricity Generating Authority of Thailand Supattanapong Punmeechaow

Supattanapong: Battling big bills

The Finance Ministry has been given the green light to guarantee a loan worth 85 billion baht which the Electricity Generating Authority of Thailand (Egat) will use to cushion the effect of a higher fuel tariff (Ft) driving up household electricity bills.

The cabinet on Tuesday approved a proposal for the ministry to guarantee the loan which Egat plans to take out.

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