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RATCH celebrated the Success of $700 Project Finance on Xe-Pian Xe-Namnoy Hydro Project

Mr.Pongdith Potchana, Chief Executive Officer of Ratchaburi Electricity Generating Holding PCL. (Forth from left) attended the closing ceremony for $700 million project finance of Xe-Pian Xe-Namnoy Co., Ltd., a 25% equity owned by RATCH. In this celebration, H.E. Madame Thipakorn Chanthawongsa  (Fifth from left), Deputy Minister of Finance, Lao PDR, graciously presided over the ceremony.

The loan will be used to fund the 410-megawatt Xe-Pian Xe-Namnoy Hydroelectric Power Project in Lao PDR. The project is scheduled commercial operation in 2018 of which 370 megawatts will be distributed to the Electricity Generating Authority of Thailand (EGAT) under the 27-year Power Purchase Agreement, while the remaining generation capacity will be served to Lao PDR.

From the picture:
1) Mr.Young-Ju Choi (First from right), Chief Executive Officer, Xe-Pian Xe-Namnoy Power Company Limited.
2) Ms.Kittiya Todhanakasem (Fifth from right), Senior Executive Vice President, KRUNG THAI Bank PCL.
3) Mr.Noriaki Goto (Third from left), Chief Executive Officer of Bank of Ayudhya PCL.
4) Mr.Kanit Sukonthaman (Third from right), President of Export-Import Bank of Thailand (EXIM Thailand)

Public Relations Department
Wiwan Phayakvichien, Tanadda Phopatpong
Tel. 0 2794 9941, 0 2794 9942
email: wiwanp@ratch.co.th

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