Mitsui & Co., Ltd. has announced that it has entered into a project finance agreement for a gas-fired thermal power generation project jointly promoted with Gulf Energy Development Public Company Limited, a leading private sector electric power company in Thailand.
Energy Finance & Investment News in Thailand
The Asian Development Bank (ADB) has enabled the financial close of a biomass power project in southern Thailand, by providing a loan equivalent of up to THB1.109 billion (US$35 million) to the project owner, Gulf Chana Green Company.
The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Wind Energy Holding (WEH) announced that they have successfully closed financing for five of the company’s onshore wind farms, which altogether have a total capacity of 450 MW.
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
The Asian Development Bank has invested US$57.7 million in Thai power utility B Grimm Power Public Company to support the firm in investing and developing clean energy projects throughout Southeast Asia.
Thai Superblock has approved the acquisition of a 9.9 MW waste-to-energy plant in Thailand, from Green Power Energy. The total cost of the transaction has reached THB1.28 billion (US$40 million).
Symbior Solar has announced the closing of financing for its 29MW portfolio of solar power plants in central Thailand.
According to a filing on the Thailand Stock Exchange, Super Solar Energy Group, a wholly-owned subsidiary of Thai utility Superblock, will acquire five solar energy companies in a transaction worth a total 14 billion baht (US$396 million).
Two private consortia have submitted proposals to build a 800 MW Bt48-billion (US$1.36 billion) coal-fired power plant in the southern province of Krabi.
Armstrong Asset Management has announced the appointment of Khun Kanoklada Rerkasem as Country Director for Thailand.
The Public Private Partnership (PPP) policy committee of Thailand has approved two waste-to-energy PPP projects, which will have total combined investment of THB6.6 billion (US$195.5 million).
Electricity Generating Public Company Limited (EGCO) has expanded its solar power business portfolio in Thailand with the acquisition of 33.33% additional shares in Natural Energy Development Co., Ltd. (NED) from Diamond Generating Asia, Limited (DGA).
Mitsui & Co., Ltd. and Gulf Energy Development Company Limited (GED) have achieved financial close for twelve gas fired cogeneration power portfolio in Thailand.
The Asian Development Bank (ADB) has signed an agreement to provide a local currency loan of up to B1,807 million (US$55 million) and a US$30 million loan from the ADB-administered Clean Technology Fund to develop the 81 MW Chaiyaphum wind power plant in Thailand.
Mitsui & Co., Ltd. has signed agreements with Gulf Energy Development Company Limited (GED) to promote twelve gas fired cogeneration power projects in Thailand.
UK oil and gas firm Ophir Energy has offered to buy Salamander Energy for 267 million pounds ($419 million). Ophir Energy is willing to expand in southeast Asia.
Last week, the Superboard of state enterprises of Thailand agreed to allow the launch of a 20-billion baht (US$608 million) infrastructure fund for the Electricity Generating Authority of Thailand (Egat).
Petrofac, the international service provider to the oil and gas industry, and First Reserve, the global energy-focused infrastructure investment firm, have secured fund to finance two floating storage facilities.
The Blue Circle has announced a partnership with Annex Power, to jointly develop wind power plants in Thailand.