The PTTEP Gas Fired Power Plant is 600MW gas fired power project. It is planned in Ayeyarwady, Myanmar. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 600 | – | 600 | Permitting | Ayeyarwady, Myanmar | Global Power Synergy Public; PTT Exploration and Production Public |
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Description
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The project is being developed by Global Power Synergy Public and PTT Exploration and Production Public. These companies also have ownership stakes in the project.
It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from Zawtika block & M3 Field.
The project cost is expected to be around $565.628m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Electric Power Generation Enterprise under a power purchase agreement for a period of 20 years.
About Global Power Synergy Public
Global Power Synergy Public Co Ltd (GPSC), an affiliate of PTT Global Chemical Public Company Limited, is a power utility that generates and supply electricity and thermal energy. The company produces energy from natural gas, hydro, and solar sources. It has interests in SSE1, RPCL, GPSC, and CHPP; and under construction power projects NNEG, IRPC-CP, NL1PC, and XPCL in Thailand and Laos. GPSC also supplies processed water to industrial and residential customers. The company transmits the generated electricity to Electricity Generating Authority of Thailand and industrial customers in Thailand. It operates in Thailand, japan, Myanmar, Laos and Hong Kong. GPSC is headquartered in Bangkok, Thailand.
About PTT Exploration and Production Public
PTT Exploration and Production Public Co Ltd (PTTEP), a subsidiary of PTT Public Company Limited, is an oil and gas company. It carries out exploration, development and production of hydrocarbons. The company manages an array of exploration projects in different stages and producing assets across the world. The company, along with its joint venture partners, operates pipelines to transport natural gas from its overseas exploration and production projects. It also has investments in related businesses including information and communication technology services, gas pipeline investment, exploration and production support services, property leasing and others. The company has operations in Australia, Americas, Africa, the Middle East and Asia regions. PTTEP is headquartered in Bangkok, Thailand.
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.
