Gulf Energy Development Buys Land for SPP Plants in Hemaraj’s Industrial Estates

Gulf Energy Development Company Limited, a major power developer in Thailand, recently signed a contract with Hemaraj Land And Development Plc. to purchase 113 rai of land in Hemaraj’s industrial estates: two plots totaling 63 rai in Eastern Seaboard Industrial Estate (Rayong) and another two plots totaling 50 rai in Hemaraj Eastern Seaboard Industrial Estate. Gulf Energy Development has been selected under SPP Program to enter into Power Purchase Agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT) to sell 90 MW each. Under the agreement, Gulf Energy Development will develop and construct 120 MW gas fired cogeneration power plant in each land plot.

Mrs. Porntipa Chinvetkitvanit (4th from right), Director of Gulf Energy Development Co., Ltd. and Mr. David Nardone (6th from left), President & CEO of Hemaraj Land And Development Plc. are seen exchanging land purchase contract while Mr. Ratthaphol Cheunsomchit (3rd from right), Director of Gulf Energy Development Co., Lt.d, 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 executives from both companies look on.