Thursday, October 22, 2020

EGCO secures Bt7.8bn to extend Northeast pipeline

Sep 21. 2020
Thepparat Theppitak, EGCO Group’s president, fourth from left, jointly signs financial agreements for the extension of the Northeast petroleum pipeline (Saraburi to Khon Kaen) at The Bangkok Club, Sathorn, on Monday.
Thepparat Theppitak, EGCO Group’s president, fourth from left, jointly signs financial agreements for the extension of the Northeast petroleum pipeline (Saraburi to Khon Kaen) at The Bangkok Club, Sathorn, on Monday.
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By The Nation

The Electricity Generating Group (EGCO) on Monday reached financial agreements to extend its petroleum pipeline in the Northeast.

Thepparat Theppitak, EGCO Group president, said that the Thai Pipeline Network Company (TPN), in which EGCO owns a 44.6 per cent stake, reached agreement with Bangkok Bank and China Development Bank for Bt7.8 billion over a 14-year tenure to construct a 342.8-kilometre underground pipeline with annual transport capacity of 5,443 million litres, potentially increasing to 7,330 million litres in the future.

The project will connect the Thai Petroleum Pipeline Co (“Thappline”) terminal in Saraburi to TPN’s owned terminal with storage capacity of 142 million litres in Khon Kaen.

Currently, the project is 48.11 per cent complete and expected to start operating in the fourth quarter of 2021.

 

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