by Tang Yee On. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 56-60). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / ACKNOWLEDGMENTS --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Thesis --- p.3 / Background --- p.4 / Thailand Economy and State-Owned Enterprises --- p.5 / Privatization Program of State-Owned Enterprises --- p.6 / Chapter II. --- THE PRIVATE PARTICIPATION PROGRAM OF THAI ELECTRICITY GENERATING INDUSTRY --- p.8 / The Four-Step Plan of Restructuring the Thai Electricity Power Sector --- p.9 / Electricity Generating Authority of Thailand --- p.10 / Electricity Generating Public Company Limited --- p.11 / Rayong Electricity Generating Company Limited --- p.11 / Khanom Electricity Generating Company Limited --- p.12 / Chapter III. --- PRIVATIZATION PROJECT OF KHANOM --- p.13 / Power Purchase Agreement (PPA) --- p.13 / Financing Plan --- p.16 / Equity Financing --- p.17 / Debt Financing --- p.18 / The Deal of Khanom --- p.18 / Chapter IV. --- THE IMPACT OF ASIAN FINANCIAL CRISIS ON THE INFRASTRUCTURE PROJECTS IN THAILAND --- p.20 / The Financial Crisis in Thailand --- p.20 / Thai Government Reaction --- p.22 / The Electricity Industry --- p.23 / Electricity Generating Authority of Thailand (EGAT) --- p.24 / Small Power Providers (SPP) --- p.27 / Independent Power Providers (IPP) --- p.27 / Other Electricity Projects --- p.28 / Other Infrastructure Projects: Hopewell BERTS --- p.29 / Chapter V. --- ANALYSIS --- p.34 / Benefits of the Private Participation Program --- p.34 / Importance of Project Finance in Infrastructure Projects --- p.36 / Impact of Financial Crisis on the Projects --- p.37 / Tariff Structure of KEGCO --- p.38 / Government Reaction After the Financial Crisis --- p.40 / Market Responses --- p.41 / Future Developments --- p.42 / Privatization Experience in the United Kingdom --- p.45 / Chapter VI. --- "SUMMARY, CONCLUSIONS AND RECOMMENDATIONS" --- p.46 / APPENDICES --- p.48 / BIBLIOGRAPHY --- p.56