Mitsubishi Power, a key subsidiary of the MHI (Mitsubishi Heavy Industries) Group, has reportedly inked a new turnkey agreement for the EPC (engineering, procurement, and construction) of an extensive 1400 MW power plant with Thailand based IPP (independent power producer) Hin Kong Power Company Limited.
Mitsubishi will be providing two M701JAC gas turbines for a natural GTCC (gas-fired turbine combined cycle) facility. Additionally, the contract has a 25-year LTSA (Long Term Service Agreement) for the project.
The deal also includes a comprehensive LASA (Long Term Service Agreement) that would span 25 years. As per the agreement, the company will offer maintenance for the facility’s gas turbines to ensure reliable plant operations. The estimated dates for the beginning of commercial operations are March 2024 as well as January 2025.
The GTCC facility would be located over 100 kilometers west of the city of Bangkok. Facility owner, Hin Kong Power, is an SPC (special purpose company) that was jointly established by the Gulf Energy Development Public Company Limited and RATCH Group Public Company Limited, two of Thailand’s major IPPs. The power generated in the new plant would be sold off to the Electricity Generating Authority of Thailand, facilitating clean energy, and high efficiency to effectively fulfill the high electricity demands in the nation.
RATCH Group has a very long-standing history of collaborations with the Mitsubishi Group, who has been facilitating its power generating systems for GTCC power and steam power plants since the 1990s. Likewise, the company has also delivered four GTCC power plants to the Gulf Energy Development over the past 10 years.
Mitsubishi will have completed the delivery of over 22 gas turbines to Gulf Energy Development and RATCH Group projects. Moreover, the total power generation capacity offered by the company would be more than 15,000 MW (megawatts). The long term relationship Mitsubishi has with both these enterprises resulted in the new agreement with Hin Kong Power.
Source credit: https://power.mhi.com/news/20200930.html