Gulf Energy Development PLC Proves Successful Execution Track Record Gulf TS3 129.9 MW Commences its COD on Nov 1

Energy Press Releases Tuesday November 7, 2017 12:00
Bangkok--7 Nov--MT Multimedia

Gulf Energy Development, one of Thailand's largest independent power producers, constantly commences commercial operations of its power plants. Recently, Gulf TS3 power plant with an installed capacity of 129.9 MW has successfully distributed 90.0 MW of electricity to EGAT in accordance with the 25-year power purchase agreement from Nov 1. Moreover, it has sold electricity and steam to industrial users through existing purchase agreements of 32.8 MW of electricity and 25.0 TPH of steam.

Mrs. Porntipa Chinvetkitvanit, President of Gulf Energy Development Public Company Limited ("GULF" or "the Company"), revealed that GULF has submitted additional set of filing to the SEC to update the latest status of its projects. In light of recent developments, the company has achieved the development of Gulf Tasit 3 ("Gulf TS3" or "GTS3") power plant and commenced the commercial operation (COD) to distribute electricity to Electricity Generation Authority of Thailand (EGAT) on schedule. The GTS3 power plant is a Small Power Producer (SPP), in which capacity sold to EGAT is between 10 MW to 90 MW, and located in Hemaraj Eastern Seaboard Industrial Estate, Tasit district, Pluak Daeng town, Rayong province, Thailand, on approximately 40,000 sq.m. of land owned by the power project.

The GTS3 power plant began its construction from August 1, 2015, completed the construction on October 31, 2017 and has commenced it commercial operation to distribute 90.0 MW of electricity to EGAT in accordance with the 25-year power purchase agreement from November 1, 2017. Moreover, it has sold electricity and steam to industrial users through existing purchase agreements of 32.8 megawatts (MW) of electricity and 25.0 tons per hour (TPH) of steam. The GTS3 power plant is a gas-fired cogeneration facility with an installed power generation capacity of 129.9 MW and installed steam generation capacity of 25.0 TPH, comprising of 2 gas turbines with a capacity of 46.5 MW each and 1 steam turbine with a capacity of 37.0 TPH.

Thanks to success of the execution, the Company has had 13 gas-fired power projects and 4 rooftop solar projects in operation with a total installed capacity of 4,772.1 MW.

"We are committed to continuous development of new power plant projects. A number of projects are currently under development and will begin their commercial operations to meet the demand from both household and industrial sectors, especially from the leading industrial clients who have placed their trust in us. We provide a secure and efficient power generation solution that can constantly satisfy the growing demand of electricity consumption, including the demand from the expansion of Eastern Economic Corridor (EEC). This allows us to grow and become a leading power producer", said the President.


Latest Press Release

PTTEP divests its stake in Montara field in alignment with strategic plan

As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company's business strategy aimed to focus on the operations and projects in the strategic locations. Somporn Vongvuthipornchai,...

GCL System Integration Raises Guidance for 1H 2018 To RMB 20.41 million RMB 30.02 million

GCL System Integration (SZ: 002506) (GCL-SI), the world's leading provider of one-stop, cutting-edge, integrated energy systems, has revised its forecast for net profit attributable to shareholders in the first half of 2018 to between RMB 20.41 million...

Sterlite Power Wins 6 New Transmission Projects in Brazil

- The company emerges as the first Indian company to invest close to USD 2 bn in Brazilian power transmission sector - Projects entails 23 sub stations; 2,000 CKM of lines and 5,500 MVA of transformation capacity In the recently concluded auction for...

PTT Strives for an Advancement in Digital Workplace, Promoting Thailand 4.0 Policy

Today (12 July 2018) – Mr. Chansin Treenuchagron, Chief Technology and Engineering Officer, PTT Public Company Limited, presided over the launch of Power of Digital Transformation Scheme at PTT Head Office. Mr. Chansin had declared that in this...

Li Zhenguo: PV will be the cheapest power source in most parts of the world

On July 9, at the 9th Sino-German Economic and Technical Cooperation Forum held in Berlin, Germany, Li Zhenguo, President of LONGi Green Energy Technology Co., Ltd. (LONGi), a leading Chinese PV industry company, made a keynote speech for the Energy...

Related Topics