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RATCH entered MOU with Myanmar's Ministry of Electric Power to start feasibility study on 2,600-megawatte Myeik power plant project

Nonthaburi- Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) signed a Memorandum of Understanding (MOU) with Department of Hydropower Planning, Ministry of Electric Power of the Republic of the Union of Myanmar with aim to develop 2,640-megawatte clean coal-fired power plant project located in Myeik City, the Republic of the Union of Myanmar. RATCH joined hands with other three business allies, including Blue Energy & Environment Company Limited (Thailand), Vantage Company Limited (Myanmar) and Kyaw Kyaw Phyo Company Limited (Myanmar) to develop and operate the said project.

Mr. Pongdith Potchana, Chief Executive Officer of RATCH, disclosed that today (9 October 2007 at 13.30 hrs.) the Company and the three business allies entered into the Memorandum of Understanding (MOU) with the Ministry of Electric Power of Myanmar in order to jointly develop the Myeik power plant project in Thaninthayi Region, the Republic of the Union of Myanmar. The economic and social benefits of both Myanmar and Thailand were taken into account. This project will not only help enhance life quality of people in the South of Myanmar but also help promote the economic and social development for Myanmar overall. A part of remaining electricity generated under this project could be distributed to Thailand and also create income back to Myanmar.

Mr. Pongdith added that “the today agreement signing between two parties launches the beginning of official project development which includes the feasibility study of the project and the assessment of environmental and health impacts. The project development cost is expected to reach THB170 billion. In August, the Company has just conducted the public participation for community surrounding the project location which the public response is somewhat satisfactory. RATCH aims to develop this project as a pilot project of clean-coal fired power plant in Myanmar by closely working with relevant agents and local community for sustainable benefits for all relevant parties and gaining utmost public acceptance. The Company also commits to put the best effort to take care of life quality of local people living around the project location and to protect environment nearby to meet the international standard.”

The Company has already considered location of the Myeik power plant and the power plant’s generation proficiency with the high quality coal imported from Indonesia. If the study indicates that this project is possible, the construction completion and power generation expects to be on 2020.

Public Relations Department
Wiwan Phayakvichien and Phetlada Charoensawatd
Tel. 02794 9941 and 0 2794 9944
e-mail: wiwanp@ratch.co.th, phetladac@ratch.co.th

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