The Thai government has made substantial progress in its liberalization of the power sector, which 10 years ago was still a government monopoly. This process has been guided by Nepo (an independent agency), Egat (a state enterprise under the prime minister's office) and PTT (a state enterprise under the Ministry of Industry). International project financings have been a feature of various key steps in the process.
On October 1 2002 the Thai government embarked on a ministerial reform plan, including the establishment of six new ministries, one of which is the Energy Ministry.
Transferred to the new Energy Ministry, among others, are Egat, PTT (recently corporatized as a public limited company); Nepo (now Eppo: Energy Policy and Planning Office), and the Mineral Fuels Division of DMR (now the Department of Mineral Fuel).
Lenders to energy projects in Thailand need to be alert for any changes in government regulation and policymaking applicable to the energy sector.