31-07-2025
Richest Thai Sees $10 Billion Hydro, LNG Projects Driving Growth
Thailand's richest person, Sarath Ratanavadi, expects $10 billion investments in hydropower projects in neighboring Laos and a new domestic liquefied natural gas terminal to drive his business empire's growth.
Sarath's flagship company, Gulf Development Pcl, and partners are working with banks on a roughly $9 billion funding plan for three hydro plants with total generating capacity of 3,100 megawatts, he said. Construction on a $1 billion LNG import terminal project — Thailand's third — will start later this year before commercial operations scheduled in 2029.
