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RATCH updated RW Co-generation project development Progressing for COD by end of 2014

Mr. Pongdith Potchana, Chief Executive Officer of RATCH, said that RW Co-generation project is a small power producer (SPP) entered into the 25-year power purchase agreement with Electricity Generating Authority of Thailand (EGAT). Accordingly, the project will generate 180-MW electricity supplying to the EGAT’s power grid and will provide remaining power and by-product steam to industrial enterprises in Ratchaburi Industrial Estate. At present, the project’s Block1 has already been put in place its infrastructure, fuel system, engineering work and engine installation.

Mr. Pongdith added that the project is responded to the government’s policy on energy efficiency promotion because not only the electricity generation helps secure the country’s power system, but also remaining electricity capacity and steam production can be distributed directly to industrial facilities. To date, the project’s Block 1 is conducting machinery test and will run operational efficiency test in October 2014. The Block 1 plans to start electricity generation commercially in November 2014. For the project’s Block 2, its development has been progressed 70% of its timeline and scheduled for operation by March 2015.

On 16 January 2014, RATCH sold its all equity of Ratchaburi World Cogeneration Company Limited to Ratchaburi Electricity Generating Company Limited at THB 10 per share. The selling price was marked in accordance with its paid registered capital. The THB 500-million transaction is aligned with RATCH’s revised investment structure aiming to enhance asset management efficiency and optimize the assets’ value for the company. Under the new structure, it categorizes RATCH’s existing assets into 4 groups; IPPs and SPPs in Thailand, renewable project in Thailand, international projects and a business adjacent to power generation. 

According to its equity holding, RATCH presently accounts 6,453 megawatt installed capacity derived from operating and developing projects both in domestic and aboard. Out of total capacity, 4,484 megawatt is capacity of IPPs and SPPs in Thailand, 102.5 megawatt of domestic renewable projects, and 1,866.5 MW of international projects.

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For more information, please contact:
Public Relations Department
Wiwan Phayakvichien
Tel. 0 2794 9941
Email: wiwanp@ratch.co.th

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