EGCO-RATCH Team Up with EGATi to Invest in a 1,320MW Vietnam’s Thermal Power Plant

Electricity Generating Public Company Limited (EGCO) and Ratch Group Public Company Limited (RATCH) announced on September 16, 2020 that the 2 companies have entered into a Joint Development Agreement of Quang Tri 1 Thermal Power Plant Project in the Socialist Republic of Vietnam with EGAT International Company Limited (EGATi) with the shareholding proportion of 30%, 30%, and 40% respectively.

 

Quang Tri 1 Thermal Power Plant Project is a coal-fired power plant project with the installed capacity of 1,320 megawatts (2 units with the capacity of 660 megawatts each), located in Quang Tri Economic Zone, Hai Lang District, Quang Tri Province in Central Vietnam. The Project’s generated electricity will be sold to Vietnam Electricity (EVN) under the long-term Power Purchase Agreement. Currently, the Project is under green-field development and under advanced negotiation process with the expected Commercial Operation Date in 2025.