Mitsubishi Power, Ltd., a subsidiary of the Mitsubishi Heavy Industries has signed a full turnkey contract for the engineering, procurement and construction of a 1400 MW power plant with Hin Kong Power Company Ltd, an independent power producer (IPP) in Thailand. Mitsubishi Power will provide two M701JAC gas turbines for the natural gas-fired turbine combined cycle (GTCC) facility. The contract includes a 25-year Long Term Service Agreement (LTSA) for the project. Under this agreement, Mitsubishi Power will provide maintenance on the power plant’s gas turbines to help ensure reliable operations. Commercial operations will begin in March 2024 and January 2025.
The GTCC facility will be built approximately 100 km west of Bangkok. The owner, Hin Kong Power Company, is a special purpose company (SPC) jointly established by RATCH Group Public Company Lted and Gulf Energy Development Public Company Ltd, two major IPPs in Thailand. Power generated from the plant will be sold to the Electricity Generating Authority of Thailand.
GTCC power plant is generally regarded as the cleanest and highest efficiency power generation alternative among systems that use fossil fuels. Compared to conventional coal-fired thermal power plants, carbon dioxide emissions can be reduced by 70%, providing an annual reduction of 7 million tonnes from 1400 MW of generating capacity.