RATCH Issues a Successful in Making a Drawdown for Rayong PP, Expecting a COD in 2022

Ratch Group Public Company Limited (RATCH) announced in reference to previous notification regarding the investment in Nexif Energy Rayong SPP Power Plant Project with the installed capacity of 92 megawatts, using natural gas as fuel, through NER Singapore Pte. Ltd. (a joint venture in which RATCH holds a 49% stake).

RATCH reported that on 21 April 2020, Nexif Energy Rayong Company Limited was successful in making the first drawdown from with financial institutes under its project financial agreement. The project’s construction is progressing as planned and expected to commence commercial operation in April 2022 as scheduled.