Gulf TS1 Co Ltd
Sector: Commercial • Location: Thailand
Source: World Bank Group
The US$2.2 billion project entails the construction and operation of 12 gas-fired cogeneration power plants (the "12 SPPS") in Thailand with a total capacity of 1,470MW. Sponsors were Gulf Energy Development (70%) and Mitsui Co (30%). Financing comprises a US$500 million term loan arranged by BTMU, Mizuho and CIMB Thai with a tenor up to 24-year, an three THB tranches totalling US$1.7 billion (THB
- Status
- Prospective
- Sector
- Commercial, Power Generation (CCGT), Natural Gas, Government
- Location
- Thailand
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The US$2.2 billion project entails the construction and operation of 12 gas-fired cogeneration power plants (the "12 SPPS") in Thailand with a total capacity of 1,470MW. Sponsors were Gulf Energy Development (70%) and Mitsui Co (30%). Financing comprises a US$500 million term loan arranged by BTMU, Mizuho and CIMB Thai with a tenor up to 24-year, an three THB tranches totalling US$1.7 billion (THB56 billion) arranged by Bank of Ayudhaya (MUFG), Siam Commercial Bank, Bangkok Bank, Kasikorn Bank and Land & House Bank. MUFG is the facility agent and documentation agent. Financial close occurred on 28 Nov 2014. Gulf Energy Development (70%) and Mitsui Co (30%). |
Original sector | Energy |
Budget |
Location
Country | Thailand |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Power Generation (CCGT), Natural Gas, Government |
Article published date | 2024-05-24 |
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