The Hin Kong Combined Cycle Power Plant is 1,540MW gas fired power project. It is planned in Ratchaburi, Thailand. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in March 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 1,540 | – | 1,540 | Permitting | Ratchaburi, Thailand | Hin Kong Power |
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Description
The project is being developed by Hin Kong Power. RATCH Group and Gulf Energy Development are currently owning the project having ownership stake of 51% and 49% respectively.
It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from PTT Public Company Limited.
The project cost is expected to be around $700m.
Development Status
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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by March 2024.
Power Purchase Agreement
The power generated from the project will be sold to EGAT International under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 1,400MW.
Contractors Involved
MHI Power Systems Project (Thailand), Mitsubishi Power and Sino-Thai Engineering & Construction Public are expected to render EPC services for the gas fired power project.
Mitsubishi Power will be the turbine supplier for the Gas fired project. The company is expected to provide 2 units of M701JAC – 50Hz gas turbines.
MHI Power Systems Project (Thailand) is expected to perform operations and maintenance for thermal power project for a period of 25 years.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
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