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RATCH joins forces with Rajburi Sugar Developing THB4.7 billion cogeneration power plant project Scheduling operation to secure national power grid in 2019

Nonthaburi- Ratchaburi Electricity Generating Holding Public Company Limited (“RATCH Group”) and Rajburi Sugar Company Limited (“Rajburi Sugar”) achieved the agreement to jointly develop a 100-megawatts gas-fired cogeneration power plant project. On September 15, 2014, Ratchaburi Electricity Generating Company Limited (“RATCHGEN”), RATCH’s subsidiaries, and Rajburi Sugar entered the shareholders agreement for co-investing in equity of Rajburi Cogeneration Company Limited with 35% and 65% stake respectively. The joint venture company will develop and operate the THB4.7 billion gas-fired cogeneration power plant project which has total installed generation capacity of 100-megawatt and 15-ton steam per hour. Meanwhile, the commercial operation date (COD) is scheduled in 2019.

Mr. Pongdith Potchana, Chief Executive Officer of RATCH, as Chairman of RATCHGEN, revealed that in addition to the corporate value creation, RATCH commits to secure power generation for enhancing national electricity system. The joint-venture success in Rajaburi cogeneration project well demonstrates its said commitment. RATCH will integrate extensive experience and expertise in electricity generation with Rajburi Sugar’s strength striving for the project’s accomplishment and beneficial contribution to economy, society and environment.

“Rajburi cogeneration project is RATCH’s third cogeneration power plants and 16th domestic project which helps accelerate our equity capacity to 5,000 megawatts. According to the project investment, the Company will fund in equity approximately THB410 million. Importantly, the success marks good start of business partnership between both parties with common goals of enhancing corporate growth and securing the electricity supply system in Thailand,” Mr. Pongdith said. 

Mr. Sunthorn Arunanondchai, Chairman of Rajburi Sugar, disclosed that Rajburi cogeneration project has been granted a Small Power Producer project using cogeneration system with the Firm agreement by the Electricity Authority of Thailand (EGAT) under the Energy Regulatory Commission’s resolution (ERC) on 2010 according to the solicitation for 2,000-magawatt power purchase scheme. The THB4.7 billion 100-megawatt gas-fired cogeneration power plant expected operation commencement in 2019, and EGAT and Rajburi Sugar’s subsidiaries are major power purchasers.

“We are confident in capability of RATCH due to its extensive experience and specialization for over a decade in developing and managing power plants both in Thailand and aboard, as well as its clear social responsibility commitment. From now onwards, the two partners will put the best efforts to develop the Rajaburi cogeneration project completed in 2019 as planned,” Mr. Sunthorn ended.

On December 11, 2012, Rajburi Cogeneration Company Limited signed the 90-megawatt power purchase agreement with EGAT with 25-year term and the commercial operation is targeted on June 2019. The 10-megawatt capacity and 15-ton/hour steam will be generated and distributed to Rajburi Sugar and Rajburi Ethanol Company Limited. It is generally regarded that the cogeneration system not only helps promote the energy efficiency because heat by process from electricity production can generate other types of energy such as steam which is used in industrial production process, but also reduces cost or energy expenses enhancing competitiveness of Thai industrial sector aside from securing the country’s power grid.

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Ratchaburi Electricity Generating Holding PCL. 
Wiwan Phayakvichien, Phetlada Charoensawatd  
Tel. 0 2794 9941 -4    
Email: wiwanp@ratch.co.th, phetladac@ratch.co.th

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