Ratchaburi Holding to pick up 20-per-cent stake in Huaybong 2 windfarm project
Ratchaburi Electricity Generating Holding has entered into an agreement to buy a 20-per-cent stake in the Bt6.1 billion Huaybong 2 wind-farm project developed by KR 2 in Nakhon Ratchasima.
Under the shareholding agreement, Ratchaburi Holding will |hold a 20-per-cent equity stake in KR 2 with an investment of Bt370 million. Aeolus Power and Chubu Electric Power Korat BV will hold |60 per cent and 20 per cent, respectively.
Huaybong 2 is Ratchaburi Holding’s third wind-power project after Khao Kor Wind Farm and Huaybong 3.
Noppol Milinthanggoon, chief executive officer of the Ratchaburi Electricity Generating Holding, said the company would finance the investment in cash.
The Huaybong 2 Wind Farm Power Project has been awarded |a non-firm power-purchase agreement for small power producers from the Electricity Generat-|ing Authority of Thailand with a |10-year subsidy of Bt3.50 per unit from the Power Department |Fund Management Division, Office of the Energy Regulatory Com-|mission.
“Renewable energy is con-|sider-ed to be one of our core |businesses. This investment does |not only prove that the com-|pany has had steady growth, but |it also reflects progressive devel-opment of the country’s re-|newable energy business,” Noppol said.
