TOT was the sole bidder for the project. The ministry informed it on October 20 that it had been turned down.
The ministry is expected to draft new terms of reference for a new tender call soon.
CORPORATE GOVERNANCE SCORE IMPROVES
Thai listed companies have achieved an average score of 78 per cent in this year’s corporate-governance survey by the Institute of Directors (IOD), up 3 points from last year’s 75 per cent.
Bandid Nijathaworn, president of the IOD, said that according to the “Corporate Governance Report of Thai Listed Companies”, based on a survey of 601 firms, the best scores were in the “Rights of Shareholders” and “Equitable Treatment to Stakeholders” categories, both averaging 92 per cent. “Disclosure and Transparency” followed with an average score of 82 per cent.
Of those surveyed, 80 firms scored more than 90 per cent in corporate governance, while |195 scored 80-89 per cent. About 180 scored |70-79 per cent.

CPF ACQUIRES STAKE IN CHINESE ANIMAL FEED FIRM
Charoen Pokphand Foods has invested Bt1.68 billion to acquire a Chinese animal-feed company to expand its agri-food business in that country, CPF reported to the Stock Exchange of Thailand yesterday.
The transaction was made by CPF’s indirect subsidiary Chia Tai (China) Investment. CTCI purchased a 70-per-cent stake in Fujian Sumpo Foods Holding from Sumpo International Holdings and Longyan Huiren Investment Co.
CPF has also set up three new subsidiaries, one of which is in Taiwan with the objective of running a laying-hen business. The other two companies are in China and Thailand, to produce processed food and run a restaurant business respectively.

BANPU POWER IPO FULLY SUBSCRIBED
Banpu Power (BPP) has succeeded in offering all of its 648,492,500 new ordinary shares to interested investor groups.
The power-generation subsidiary of Banpu will make its debut on the Stock Exchange of Thailand on Friday 28 October tomorrow.
According to Banpu chief executive officer Somruedee Chaimongkol, BPP’s new ordinary shares gained strong interest from all investor groups. Thus all of the 648,492,500 newly issued ordinary shares were sold, equivalent to about Bt13.6 billion.
BPP plans to use the proceeds for repayment of loans from its parent Banpu, domestic and international business expansion, and working capital. Banpu is still the majority shareholder of BPP, holding more than 78 per cent of its shares.

CABINET APPROVES EGAT STAKE IN ADARO INDONESIA
The Cabinet on Tuesday approved the Electricity Generating Authority of Thailand’s |proposal to purchase as much as 12 per cent of |coal miner Adaro Indonesia for US$325 million (Bt11.37 billion), Government Spokesman Sansern Kaewkamnerd said. Adaro Indonesia is part of Adaro Energy, Indonesia’s biggest coal miner by market value. – Reuters The planned investment by Egat International Co (EGATi), a wholly owned unit of Egat, will support Egat’s long-term strategy to secure Thailand’s energy supplies, Sansern said after the Cabinet meeting on Tuesday.
The first portion of $164 million will be paid this year and the rest will be paid during the period from 2022 to 2027, he said.
Funding will come from Egat and dividends from the investment, according to documents presented during the Cabinet meeting.
EGATi was founded in 2007 to invest in power and energy projects overseas. – Reuters