| Author | Kamontorn Wattanajareonrung |
| Call Number | AIT RSPR no.SM-03-41 |
| Subject(s) | Risk management--Thailand
|
| Note | A research study submitted in pa11ial fulfillment of the requirements for the degree of Masters of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-03-41 |
| Abstract | This study is to address risk factors of Ratchaburi Electricity Generating Co., Ltd.
(RatchHold), a subsidia1y of Ratchaburi Electricity Generating Holding PCL. (Ratch), and
how to mitigate or allocate risks to project's participants in order to increase viability of
the project. Apart from that, Joan syndication, a popular financing method for power
project in Thailand, is conducted in order to understand the rational of selecting this
method and the step-up-step process to acquire syndicate loan.
Ratchaburi Power Plants was initiated by EGAT, a sole power generation and
transmission state-owned enterprise. According to privatization program, RatchHold and
Ratch were set up in 2000 in order to acquire Ratchaburi Power Plants from EGA T. The
main objective of RatchHold is to raise funds from domestic stock market by issuing share
to strategic and public investors and to invest those funds in its subsidiaries. Contradict01y,
the aim of Ratch is to acquire power plant from EGAT by debt and equity injection in
proportion of 2 to 1. Without construction, Ratch can neglect construction risk and
emphasize on operational risk being discussed in chapter 4. The important of risk
mitigation and risk allocation tools such as Power Purchase Agreement, Gas Supply
Agreement and Operation & Maintenance Agreement is also clearly explained.
Finally, to be successful project financing, risk mitigation is insufficient. Another
crucial factor is availability of sufficient fund. Thus, the author chose to understand loan
syndication method which is useful for power project in Thailand. Furthermore, the
lender's point of view to participate in power project is illustrated to be case study for
applying to further Independent Power Producers (IPPs).
|
| Year | 2003 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-03-41 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Do Ba Khang |
| Examination Committee(s) | Tang, John C. S.;
Venkadesh, Sundar |
| Scholarship Donor(s) | Royal Thai Government
(Partial Scholarship) |
| Degree | Research report (M.Sc.) - Asian Institute of Technology, 2003 |