Weerawong, Chinnavat and Peangpanor Ltd. represented the Electricity
Generating Authority of Thailand (EGAT), the largest power generator in Thailand, and Krung Thai
Asset Management Public Company Limited (KTAM), on the initial public offering of North Bangkok
Power Plant Block 1 Infrastructure Fund, Electricity Generating Authority of Thailand (EGATIF).
EGATIF is the first state-owned enterprise sponsored infrastructure fund, and with an
offering size of THB 20,855 million (approximately USD 641 million), the largest electricity
infrastructure fund to be listed on the Stock Exchange of Thailand to date. The fund has invested in
the rights to revenue from the operation of North Bangkok Power Plant Block 1, one of EGAT's latest
combined-cycle power plants with a contracted power generation capacity of 670 MW, for a 20 year
period.
Trading of EGATIF investment units is scheduled to commence on 13 July
2015.
Weerawong C&P advised EGAT, the sponsor and KTAM, the fund manager.
The
Weerawong C&P team led by executive partner Peangpanor Boonklum included senior associate
Wittaya Kaewkungsadan and associates Jirapat Thammavaranucupt and Orachat Mahaidhidol.