New billion-dollar family emerges from Thailand power industry

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Songmetta family, founders of biomass specialist Absolute Clean Energy, have a net worth of US$1.2 bil. FMTNews Thailand

BANGKOK: Thailand’s renewable power industry has created a billionaire family.

“Most investors are crowding into defensive stocks such as power producers,” said Danai Tunyapisitchai, an analyst at Phillip Securities Pcl in Bangkok. “Existing projects and future business expansion will help sustain Absolute Clean Energy’s strong earnings growth,” Jirata said.

 

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