Angola: Thai govt to support power sector

6 January 2009

Bangkok, Thailand, 6 Jan – The government of Thailand is studying support to Angola’s electricity industry through training of staff by the Thai Energy Production Authority, an official in the Bangkok Energy Ministry has said.

The request for assistance was made by Angola’s ambassador in Bangkok, Antonio Fernandes, the permanent secretary to the Thai Energy Ministry, Pornchai Rujiprapha, told the Bangkok Post newspaper.

The Thai official said the Energy Ministry is considering training support to staff from Angolan power generation and distribution companies.

“The country is at peace and is starting to rebuild local infrastructures after suffering decades of civil war,” added Pornchai.

PTTEP, the exploration unit of Thailand’s PTT state oil company, has indicated its interest in entering new licensing rounds in Angola in partnership with the Thai Energy Ministry.

The Thai energy company, already with ventures in Egypt and Algeria, is also planning to do business in Libya and Nigeria, in addition to Angola, and is considering acquisitions in these states.

“Share prices are becoming more reasonable and this will lead to buys. Half our growth strategy has been in acquisitions,” the vice-chairman of PTTEP’s strategy and development division, Asdakorn Limpiti, said recently. (macauhub)