EGCO to bid for all six IPP contracts in new round

Egco president Sahust Pratuknukul said it aimed to bid for all six IPPs, each with capacity of 900 megawatts. It has prepared three land plots, each of which can accommodate two plants. One of the plots currently houses its existing plant in Rayong, which will be decommissioned in 2014. It is adjacent to a natural-gas pipeline and has no problem with the nearby communities.
Currently Egco has 20 active plants in Thailand and overseas, featuring combined capacity according to its shareholding in them of 4,708 megawatts. It plans to build nine more plants with total capacity of 1,483MW, and they will begin to feed electricity to the system next year at the initial combined 47MW.
Of the total, four are solar or wind-power plants.
Between 2016 and 2019, Egco will build another plant in Khanom, Nakhon Si Thammarat, to replace the old one with capacity of 900MW.
Egco is still focused on investment in Asean countries. It has raised its share in the Philippines’ Quezon Power Plant by 45.87 per cent to 98 per cent and now owns 100 per cent of InterGen Management Service (Philippines).
It has considered jointly investing in expanding Quezon’s capacity by 500MW on a 50:50 investment basis of about US$500 million (Bt15.7 billion) with Manila Electric Co. That company, also known as Meralco, has a power purchase contract with the Philippine government. Egco will join in the investment if it anticipates return on equity of 10 per cent.
The company is also seeking more investment opportunities in Indonesia after already acquiring a 40-per-cent share of Manambang Muara Enim coal mine.