RATCH Signs a PPA with EGAT to Feed 1,400MW of Electricity within 2025

As RATCH Group Public Company Limited (RATCH) notified the Stock Exchange of Thailand regarding the establishment of Hin Kong Power Company Limited (RATCH’s wholly owned indirect subsidiary) in order to prepare for investment in power plant project development for RATCH’s Group.

RATCH has announced that on 12th July, 2019, Hin Kong Power Company Limited has entered into the Power Purchase Agreement for 1–1in Kong Power Project in Hin Kong Sub-district, Muang District, Ratchaburi Province with Electricity Generatin Authority of Thailand. The Agreement is effective from the execution date until the 25 year from the commercial operation date.

The Project is a combined-cycle power plant project that uses natural gas as the main fuel with total contracted capacity of 1,400 megawatts (700 megawatts per unit) according to the Power Purchase Agreement. It is scheduled for commercial operation in 2024 and 2025 respectively. At present, the Project is in the process of preparing the Environmental Impact Assessment and RATCH.