All Asia Asset Capital is upping its stake in power producer, Andaman Power and Utility Company, from 2.5% to 7% – issuing 11m new shares to the vendor (5.24% of the company) and paying $550,000 in cash. Andaman Power and Utility is focused on Thailand and Myanmar. It has done a deal with Aggreko to supply a 20MW plant for the Myanmar city of Dawei. All Asia Asset Capital says an additional project (a Combined Cycle power plant supplying 200MW) may be approved soon.
