Thailand’s Egco Group, Egat International and Ratch Group sign pact to develop Quang Tri 1 power plant in Vietnam
1,320 megawatt Quang Tri 1 thermal power plant in Vietnam expected to go into commercial operation by 2025
Egco Group, Egat International and Ratch Group signed a joint development agreement on Wednesday (September 16) to develop the Quang Tri 1 thermal power plant in Vietnam.
Santichai Osotpavapusit, Egat International’s senior executive vice president, said: “The thermal power project is fully supported by both Thai and Vietnamese governments, as well as Egat.”
The Quang Tri 1 plant is located in Quang Tri province’s Hai Lang district.
Egat International will hold a 40 per cent stake in it, while the remaining 60 per cent will be equally divided between Egco Group and Ratch Group.With an installed capacity of 1,320 megawatts, the project is expected to go into commercial operation by 2025.
The generated electricity will be sold to Vietnam under a long-term power purchase agreement.
Source: https://www.nationthailand.com/business/30394640?utm_source=homepage&utm_medium=internal_referral
