Chonburi Clean Energy Plant

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The project entails the construction, operation and maintenance of a 8.63 MW industrial-waste-to-energy power plant, located in Hemaraj Chonburi Industrial Estate in Chonburi. Chonburi Clean Energy (CCE), a joint venture company established by SUEZ, WHA Utilities and Power Plc., and Glow Energy Plc. (a subsidiary of ENGIE), is sponsoring the project. This is a greenfield project initiated on BOO basis (license scheme). The project is being carried out through Thailand’s feed-in-tariff (FIT) (revenue subsidy for renewable energy) program which promotes investment in waste-to-energy power plants using industrial waste. The plant will have a contracted capacity of 6.90 MW and handle a waste volume of about 100,000 tons per year. The offtake agreement has a duration of 20 years. Marubeni will provide engineering, procurement and construction (EPC) services with JFE Engineering of Japan selected as the technology provider with their stoker-type incineration technology. Construction commenced in end of November 2017 and is scheduled to begin commercial operation by the end of December 2019. Total investment in the plant is estimated at $59 million and as of January 2018, no debt financing was reported. Hence, for the purpose of this database project is 100% equity funded. Financial closure was understood to have reached since construction works commenced in November 2017. https://bioenergyinternational.com/heat-power/marubeni-begin-implementation-wte-plant-thailand http://markets.businessinsider.com/news/stocks/SUEZ-announces-first-Waste-to-Energy-project-in-Southeast-Asia-1009760882