Jul. 16. 2008
The consortium of Marubeni Corporation (“Marubeni”) and Black & Veatch (“B&V”) has been awarded a contract for Construction of a 380MWe gas-fired Co-generation Power Plant from Glow Energy Plc (“Glow”), who is one of the biggest Independent Power Producers (IPP) in Thailand. The Contract Price is equivalent to approximately JPY 33 billion and the plant is expected to be commissioned by September 2011. Marubeni is responsible for procurement of main equipment of the plant such as Gas Turbine Generator and Steam Turbine Generator from Siemens, as well as overall civil and installation works. The main off-taker of the electricity and steam to be produced by the Plant will be the industrial estate located in Map Ta Phut, Rayong, Thailand.
The plant is located in the Map Ta Phut Industrial Estate, an area which is governed by one of the most stringent environmental regulations in Thailand. In order to successfully promote this project, Glow has allocated additional funds to reduce emissions from the existing facilities, and achieve overall reduction equivalent to 125% of the expected emission from their new plant. Such efforts to increase power & steam production capacity while mitigating overall impact on the environment was also positively recognized by the Ministry of Natural Resources and Environment, and as a result the project was granted EIA approval despite being located in an area which is controlled by one of the most stringent environmental regulations in Thailand.
This is the 5th phase of Glow’s power plant construction project in the above mentioned industrial estate. Marubeni has successfully completed the contracts for Phase-3 (550MW, approximately JPY 50 billion) in 1996, and Phase-4 (76MW, approximately JPY 6 billion) in 2003 and 2004 respectively.
Marubeni was also awarded large Combined Cycle Power Plant projects by the Electricity Generating Authority of Thailand (EGAT) in both 2005 and 2006, and will continue to focus on new projects that will contribute to the development of Thailand’s power sector.