Investor Presentaiton
THA: Chonburi Natural Gas Power Project
Borrower
Country
Sector
Sub-sector
Gulf SRC Company Limited
Thailand
Energy
Conventional energy generation
30 October 2018
Key Features:
• The project will build, operate, and maintain a 2,500 MW
combined-cycle power plant in the WHA Eastern Seaboard
Industrial Estate 1 of Chonburi Province. The project will utilize
natural gas and will be the first to employ new high-efficiency
technology that reduces pollutants and emissions, providing
cleaner air quality and lower carbon footprint.
•
Gulf SRC is wholly owned by Independent Power Development,
a joint venture between Gulf Energy Development Public
Company Limited (GED) with 70% of shares and Mitsui & Co.,
Ltd with 30%. GED is a leading power generation company with
the largest portfolio of contracted PPAs in Thailand, focused on
gas-fired power plants. Mitsui is one of Japan's largest trading
companies and has a track record in developing more than 70
power projects in 21 countries.
Sponsor:
EPC Contractor and Turbine Supplier:
Approval Date
Commitment Date
ADB
LEAP
7 October 2019
2 November 2018
$227.7 million
$120.0 million
MITSUI & CO.
Cofinancier:
MI
MITSUBISHI HITACHI
POWER SYSTEMS
JAPAN BANK FOR
JBIC
INTERNATIONAL COOPERATION
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