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Eastern Power & Electricity Co.

Sector: Natural Gas • Location: Thailand

Source: World Bank Group

Project
Active

Eastern Power was to build, own, and operate the 350 MW natural-gas fired combined cycle facility located at Bang Bo. The project company ownership structure was divided as follows: GMS Power held 32% of the shares, Marubeni and TotalFina held 28% of the shares each, and China Development Industrial Bank held 12% of the shares. Financial closure for the project was achieved early in 2000 through t

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The project “Eastern Power & Electricity Co.” is an infrastructure initiative in the Natural Gas sector, located in Thailand. Taiyo aggregates data on it from World Bank Group.

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Participants

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Original status

active

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Description

Description

Eastern Power was to build, own, and operate the 350 MW natural-gas fired combined cycle facility located at Bang Bo. The project company ownership structure was divided as follows: GMS Power held 32% of the shares, Marubeni and TotalFina held 28% of the shares each, and China Development Industrial Bank held 12% of the shares. Financial closure for the project was achieved early in 2000 through the issuance of a US$115 million offshore facility fully backed by political risk insurance from MITI and a US$45 million tranche facility guaranteed by TotalFina. The remaining project costs were expcted to be funded through equity. Commercial operations were expected to start in mid-2002. Eastern Power had a 20-year power purchase agreement with the electricity authority of Thailand, EGAT. None None

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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