Photo Release: EXIM Thailand Supports Gulf PDs Development of Gas-fired IPP in EEC

Energy Press Releases Tuesday November 19, 2019 13:38
Bangkok--19 Nov--EXIM BANK

Mrs. Warangkana Wongkhaluang (second left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently jointly with Mr. Sarath Ratanavadi (fourth left), Chief Executive Officer of Gulf Energy Development Plc., and 15 domestic and overseas financial institutions recently signed a syndicated credit facility agreement worth more than 41,000 million baht at The Athenee Hotel Bangkok. Of the total syndicated credit facility, EXIM Thailand's portion is 51.64 million US dollars (about 1,600 million baht) to finance Gulf PD Co., Ltd.'s construction of a gas-fired IPP with a 2,650 MW generating capacity at Rojana Industrial Park 2 in Pluak Daeng District of Rayong Province. The project is part of Thailand's power development plan to have new power plants in place of the existing ones which have gradually been out of operation. It also responds to the government policy of national development and energy security as well as development of the Eastern Economic Corridor (EEC) to support the country's advancement toward being a value-based economy according to EXIM Thailand's strategic target.


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