Gulf Energy Development Public Company Limited (GULF) revealed that on January 24, 2022, the Company and Sinohydro (Hong Kong) Holding Ltd. (SHK), a subsidiary of Power Construction Corporation of China Ltd. (POWERCHINA), which is a state-owned enterprise of the People’s Republic of China. have jointly signed a Memorandum of Understanding on the purchase of electricity (Tariff MOU)
For the Pak Lay Hydroelectric Power Project (with the Electricity Generating Authority of Thailand (EGAT) under the framework of a Memorandum of Understanding between Thailand and the Lao People’s Democratic Republic (Lao PDR) on cooperation in the development of electricity in Lao PDR and in accordance with Thailand’s Power Development Plan 2018-2037, Revised Edition No. 1 (PDP2018 Rev.1)
The Company and SHK plan to establish a joint venture company to develop the project. which is located on the Mekong River, Pak Lai, Xayaburi Province, Laos PDR. It has an installed capacity of 770 megawatts and is scheduled to distribute electricity to the commercial system (SCOD) on January 1, 2032. EGAT will is a purchaser of electricity from the project at an average electricity rate of 2.6989 baht per kilowatt-hour The joint venture company will negotiate the details of the conditions. and sign a power purchase agreement with EGAT in the next order
This is because the project It is a hydroelectric power plant with running water all year round. (Run-of-the-River) without water retention in the form of a reservoir type dam (Reservoir) and no diversion of water from the Mekong River. Instead, it uses the natural flow of water to generate electricity. The amount of water inflow is equal to the amount of water flowing out. Therefore, the project does not affect the amount of water in the Mekong River.
By InfoQuest News Agency (25 Jan. 65)
Tags: GULF, POWERCHINA, SHK, Sinohydro, EGAT, Gulf Energy Development, Thai stocks, hydroelectric power plants
