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RATCH Group reveals construction of Hin Kong power plant approaching after EPC and LTSA contracts accomplished

Nonthaburi – RATCH Group Public Company Limited revealed progress of 1,400 megawatt Hin Kong Combined-Cycle Power Plant Project development. On September 29, Hin Kong Power Company Limited, a wholly-owned subsidiary of Hin Kong Power Holding Company Limited which is a joint entity owned by RATCH (51% stake) and Gulf Energy Development Public Company Limited (49% stake) successfully entered into an Engineering, Procurement and Construction Agreement (EPC) with three companies namely; MHI Power Project (Thailand) Company Limited, Sino-Thai Engineering and Construction Public Company Limited and Mitsubishi Power Company Limited, as well as a Long-Term Service Agreement (LTSA) signed with MHI Power Project (Thailand) Co., Ltd.

Mr. Kijja Sripatthangkura, Chief Executive Officer of RATCH Group Public Company Limited said that Hin Kong Combined Cycle Power Plant Project has been progressively developed. The project's Environmental Impact Assessment Report was already approved by the Office of Natural Resources and Environmental Policy and Planning in July 2020. Following that, engineering, procurement and construction contractors, as well as the power plant’s maintenance and spare parts service provider were secured. It expects to start construction in June 2021 and will take approximately 43 months until completion. The first generation block is scheduled to dispatch electricity to Electricity Generating Authority of Thailand (EGAT) according to the 25-year Power Purchase Agreement in March 2024, and the second one in January 2025.

“The three EPC’s contractors of Hin Kong Power Plant project are well recognized in expertise, extensive experiences and keen in advanced technology, ensuring the project’s construction has smoothly progress and success as planned and budgeted. Also, the signed long-term maintenance and spare parts service agreement will enable the power plant to maintain availability as specified in the power purchase agreement and keep optimal operating efficiency. In this regard, RATCH has reiterated all relevant parties to seriously take into accounts the best effort in community’s caring, environmental quality control and protection, and precaution of worker safety during construction,” added Mr. Kijja.

The Hin Kong Combined Cycle Power Plant Project located in Tambon Hin Kong, Amphur Muang, Ratchaburi Province consists of two blocks of 700-MW generator each, fired by natural gas as primary fuel. It is developed and operated by Hin Kong Power Company Limited.

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