|
Glow Energy set to invest $450m to lift power capacity |
|
Glow Energy, a SET-listed power producer majority owned by the French utility Suez, plans to spend up to US$450 million to increase cogeneration capacity by 380 megawatts in 2011 to tap demand growth in the petrochemical sector. The company is looking to close deals for 250-350 MW in supply contracts to big industrial clients in the next few months. It has also won a small power producer (SPP) contract to supply 74 MW to the Electricity Generating Authority of Thailand (Egat) starting by 2011. As well, the Energy Ministry recently awarded Glow an independent power producer (IPP) licence for its 660-MW coal-fired power project, through its consortium, Gheco-One, with the industrial estate specialist Hemaraj Land and Development. Construction of the $1.15-billion plant is scheduled to start by the middle of this year.
The project would
lift Glow's capacity in Thailand by 50% from the current 1,708 MW in
total, representing 7% of the country's electricity output. It also
produces 967 tonnes per hour of steam.
|
|
Bangkok Post, 03.03.2008 |
