Ratch Group Plc, Thailand's largest private power producer by capacity, has acquired two energy firms for US$605 million, part of a move to secure its long-term revenue.
The purchase leaves Ratch with four new energy assets: a renewable power plant, a gas turbine power plant, a combined cycle power plant, and a battery energy storage system, which are located in Thailand, Australia, Vietnam and the Philippines, respectively.
Ratch, through its wholly owned RH International Corporation, signed an agreement to buy 100% of Nexif Energy Holdings BV and 100% of NXF Holdings 2 Co from Denham Capital, a global energy investment firm, according to a letter submitted to the Stock Exchange of Thailand yesterday.
