Hemaraj and Gulf JP Enter into Joint Venture to Develop SPP Power Project

Recently, Hemaraj Energy Company Limited (Hemaraj Energy), a subsidiary of Hemaraj Land And Development Public Company Limited signed an agreement with Gulf JP Company Limited to jointly invest in Gulf JP NLL Company Limited (GNLL). With a total investment of 5.5 billion baht, GNLL will develop 126 megawatt SPP Project to supply power to the Electricity Generating Authority of Thailand (EGAT) and industrial estates customers. Under the joint venture agreement, Hemaraj Energy will hold 25.01 percent share in GNLL.

Mr Sarath Ratanavadi (4th from right), President of Gulf JP Company Limited. and Mr. David Nardone (6th from left), President & CEO of Hemaraj Land And Development Plc. are seen exchanging the joint-venture agreement while Mr. Yoshiki Onoi (3rd from right), Director of Gulf JP Company Limited., Ms. Pattama Horrungruang (5th from left), Hemaraj’s Senior Vice President & Chief Financial Officer, Mr. Vivat Jiratikarnsakul (4th from left), Hemaraj’s Executive Vice President and other executives from both companies look on.