Thai cogen projects for Mitsui

Japan’s Mitsui & Co, Ltd has signed agreements with Gulf Energy Development Company Ltd (GED) to promote 12 gas-fired cogeneration power projects in Thailand with a total combined capacity of 1470 MW. The projects include nine 120 MW installations and three 130 MW plants.

Located in several industrial estates in Thailand, in accordance with Thailand’s small power producer programme each project company will sell electricity to the Electricity Generating Authority of Thailand (EGAT) for 25 years and further sell excess electricity and steam to industrial users around the site.

The total project cost is expected to be approximately US$2.4 billion.

Mitsui, through a special purpose company, will acquire 30% of the shares of the holding company it established with GED to own the 12 project companies which have individually entered into a construction contract with Toyo Engineering Corporation and a supply contract with one of its subsidiaries and a project finance agreement with several commercial banks in Thailand, Japan and Malaysia. Construction is to commence sequentially, and the first plant is expected to achieve commercial operation in May 2017 and the last project in July 2019.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...