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RATCH-CHOW Steel Group jointly invests in solar farms in Japan

Nonthaburi: Recently, Mr. Pongdith Potchana, Chief Executive Officer of Ratchaburi Electricity Generating Holding Public Company Limited (Third from right), Dr. Pruchya Piumsomboon, Chairman of Chow Steel Industries Public Company Limited (Forth from right) and Mr. Anavin Jiratomsiri, Chief Executive Officer (Fifth from right) participated in the signing ceremony of shareholders agreements between Ratchaburi Electricity Generating Holding Public Company Limited and Chow Steel Industries Company Limited to invest in solar farm projects in Japan.  The initial investment phase will cover two projects with 33 megawatts total dispatched capacity when the commercial operation date (COD) is scheduled in 2016.

Subsidiaries of two partners have entered into two shareholders agreements: The first agreement was signed by RH International (Singapore) Corporation Pte. holding 60% equity and  Chow International Company Limited owning 40% stake to invest in solar farm projects in Japan. The second agreement was signed by Ratchaburi Energy Company Limited with 60% equity and Premier Solution Company Limited (PSCL) with 40% stake to provide management service for solar farm projects in Japan.

For initial investment phrase, both parties would jointly invest in 10.8-megawatt Ueda Solar Farm Project located in Nagano prefecture and 22.6-megawatt Iwaki Solar Farm Project in Fukushima prefecture. In addition, 20-year power purchase agreements of those two projects were made with major off-takers of the region and granted JPY40 feed-in tariff per unit from the Japanese government.

From the picture

Mr. Kriengrit Jiajanpong, Chief Business Development Officer, Ratchaburi Electricity Generating Holding Public Company Limited and Chairman of RH International (Singapore) Corporation Pte. Limited (Second from right)
Mr. Prayut Thongsuwan, Managing Director - Ratchaburi Energy Company Limited (Second from left)
Mr.Thanachart Poudpongpaiboon, Director and Managing Director of Chow International Company Limited (First from right)
Mr. Sung Ko, Director of Premier Solution Company Limited (First from left)
For further information, please contact

Public Relations Department
Wiwan Phayakvichien, Phetlada Charoensawatd
Tel. 0 2794 9941-4
Email: wiwanp@ratch.co.th, phetladac@ratch.co.th

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