Name of the Project
Gas-fired combined-cycle power plant.

Location
Rayong province, Thailand.

Project Owner/s
Mitsui (30%) and Gulf Energy Development Company (70%).

Project Description
Mitsui plans to build a 2 500 MW gas-fired power plant. The feedstock for the plant will come from domestic natural gas and imported liquefied natural gas.

The power plant will supply electricity under a 25-year power purchase agreement with the Electricity Generating Authority of Thailand.

Potential Job Creation
Not stated.

Capital Expenditure
$1.6-billion.

Planned Start/End Date
Construction of the plant will begin July 2020 and is expected to start supplying electricity in 2023.

Latest Developments
The Japan Bank for International Cooperation is providing project financing of about $208-million. The loan is cofinanced by the Asian Development Bank, Export-Import Bank of Thailand, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, DZ Bank, the Oversea-Chinese Banking Corporation and regional banks in Thailand covering about $1.36-billion.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Gulf Energy Development Company, tel +662080 4499 or email contact@gulf.co.th.