The investment was made on behalf of Ratchaburi Energy, a wholly owned subsidiary of RATCH. The subsidiary will hold a 51-per-cent stake in Sukhothai Energy, and the remainder will be held by Sunrise Energy with 25 per cent and Siam Energy Solutions with 24 per cent. The project is expected to commence operations by the end of the year.
Noppol Milinthanggoon, chief executive officer of RATCH, said the project would enhance the efficiency of the Sao Thian and Pratu Tao power plants operated by Ratchaburi Energy. More important, Noppol said, it is in line with the government’s policy to optimise the utilisation and conservation of energy and petroleum resources.
“The associated gas used as primary fuel by Sao Thian and Pratu Tao power plants will be treated through this facility to a certain purified quality to enhance the efficiency of the two power plants’ operations,” he said. “This will strengthen the reliability and stability of the Provincial Electricity Authority’s power grid. “The facility will begin commercial operations by the end of this year, with total production of 1 million cubic feet per day.”
At present, the 3.6-megawatt Sao Thian and 2.75MW Pratu Tao power plants, both in Sukhothai province, are fired by associated gas produced from Sao Thian and Pratu Tao oil rigs for power generation.