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Gulf TS1 Co Ltd

Sector: Natural Gas • Location: Thailand

Source: World Bank Group

Project
Active

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

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The project “Gulf TS1 Co Ltd” 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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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%).

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High

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Source

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