29 August 1996
SIGNS SHAREHOLDERS GREEMENT WITH BANGCHAK POWER CO.,L
Electricity Generating Plc (EGCOMP) reported that its wholly owned
subsidiary, Exgo Joint Investment & Development Co.,Ltd., has signed a
Shareholders Agreement with Bangchak Power Co.,Ltd.
The agreement was jointly made with three other shareholders who are
The Bangchak Petroleum Plc (BCP), Energy And Infrastructure Development
Co.,Ltd., which hold 90.95% of the shares in Sriauthong Co.,Ltd. and
Coastal Bangchak Power Co.,Ltd.(a wholly owned subsidiary of Coastal
Power Co.,Ltd.) with share holding ratio of 40%, 30%, 15% and 15%
respectively.
Bangchak Power Co.,Ltd. Project is in the process of bidding on
power plant construction projects.