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RATCH Group gears up 98-MW Rayong cogeneration power plant’s construction, ready to commence the commercial operation in April 2022

Rayong: RATCH Group Public Company Limited (RATCH Group) announced today that its 98 MW Nexif RATCH Energy Rayong Power Plant (NRER) using natural gas fuel, located in SSP Industrial Park, Ban Khai District in Rayong province, has already started the construction phase. Nexif RATCH Energy Rayong Company Limited, as the project operator, is held 49% and 51% stake by RATCH Group and Nexif Energy Thailand B.V. respectively. The project construction will take approximately 24 months and is scheduled to start commercial operation in April 2022. The 90 megawatts of electricity generation will be distributed to Electricity Generating Authority of Thailand (EGAT) under the 25-year Power Purchase Agreement and the remaining electricity generation will be sold to industrial users in SSP Industrial Park in vicinity of Eastern Economic Corridor.         

Mr. Kijja Sripatthangkura, Chief Executive Officer of RATCH said that the US $135 Million NRER power plant has been designed to utilize the most modern technology of gas turbined combined-cycle engine that would improve the production efficiency suitable for SPP cogeneration power plant to enhance the power generation’s stability. As a construction update, more than 30% of the work progress is finished, in addition, the building structure and the foundation of the machinery is being constructed. The machinery installation is expected to be completed by the end of the year, then the commissioning tests and power grid dispatching will be in early 2022, to ensure the commercial operation target in April 2022.

“Despite facing challenges from the corona virus pandemic from 2020 onwards, RATCH and its partner have joined hands continuing the project development to achieve the project finance and conclude the engineering, procurement and construction contract and thereafter commence project construction which is underway presently. We are confident that the project will be completed and ready to sell electricity commercially as its target. So that it will help securing the country's power grid to meet the industrial sector in the Eastern Economic Corridor, which will enhance the country's competitiveness in terms of economy and investment," said Mr. Kijja.

On April 7, 2021, Nexif RATCH Energy Rayong Company Limited held the Foundation Stone Laying Ceremony of NRER. The ceremony was presided over by Mr. Boonchai Jarunwaraphan, Chief Project Development Officer as the chairperson, and accompanied by Mr.Ravi Chandran, Chief Executive Officer of NRER.

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The Foundation Stone Laying Ceremony

Executives in the picture;

  1. Mr. Boonchai Jarunwaraphan (center), Chief Project Development Officer, RATCH Group PCL.
  2. Mr. Ravi Chandran (second from right), Chief Executive Officer, Nexif Ratch Energy Rayong Co., Ltd.
  3. Mr. Pankaj Sakhuja (second from left), Chief Finance Officer, Nexif Ratch Energy Rayong Co., Ltd.
  4. Mr. Hansa Tontikun (right), Chief Operation Officer, Nexif Ratch Energy Rayong Co., Ltd.
  5. Mr. Wuthichai Ithisuriyakul (left), Construction Manager, Nexif Ratch Energy Rayong Co., Ltd.
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