Thailand’s RATCH taps into Indonesia hydel sector via $82m acquisition

Hydropower. Photo: Unsplash

RH International (Singapore) Corporation (RHIS), a subsidiary of Thai-listed electricity producer Ratchaburi Electricity Generating Holding Pcl (RATCH), has acquired 50 per cent stake in Fareast Renewable Development Pte (FRD), a major shareholder in Asahan-1 Hydroelectric Power project, for $81.89 million.

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