Nearly 70% of the total electricity and steam output of the gas-fired cogeneration plant capacity, and 100% of the coal plant capacity has already been contracted by industrial customers.
Glow Energy also signed a 25-year, 660MW power purchase agreement with the Electricity Generating Authority of Thailand (EGAT) for the Gheco coal-fired power plant. Construction preparation of this project began in July 2008, and the plant is scheduled to start commercial operation in November 2011.
The project will reportedly benefit Thailand by providing higher fuel diversification and lower electricity prices. By the end of 2011, the Glow Group’s production capacity is expected to expand by more than 50%.
