Name of the Project
Chonburi gas-fired combined-cycle power plant.

Location
The project will be located in Chonburi province about 130 km south-east of Bangkok, Thailand.

Client
Gulf SRC Company, which comprises Gulf Energy Development Public Company (70%) and Mitsui & Co (30%).

Project Description
The project entails the construction of a gas-fired combined-cycle power plant, with a generating capacity of 2 500 MW, comprising four units of 625 MW.

The gas-fired power plant will be fuelled by natural gas, including imported liquefied natural gas through the long-term gas sale agreement with PTT Public Company. The electricity will be sold to Electricity Generating Authority of Thailand over a 25-year period.

Potential Job Creation
Not stated.

Value
The project is expected to cost about ¥170-billion.

Duration
The project is expected to enter gradual operation between March 2021 and October 2022.

Latest Developments
Mitsui & Co has entered into a project finance agreement for the project, and construction and long-term maintenance agreements for the project have been concluded with Mitsubishi Hitachi Power Systems.

Key Contracts and Suppliers
Mitsubishi Hitachi Power Systems (construction and maintenance).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Mitsui & Co corporate communications division, Ryu Nakakomi, tel +81 3 3285 7596.