Ratch giving Teco to Hin Kong PowerRatch Group has announced a plan to decommission the wholly owned Tri Energy (Teco), a 20-year-old operator of a combined-cycle power plant, after its power purchase agreement (PPA) with Electricity Generating Authority of Thailand (Egat) expired on June 23. Kijja Sripatthangkura, Ratch's chief executive, said the company will have Hin Kong Power, which is jointly owned with Gulf Energy Development, continue the business. The company set up Hin Kong Power for the new licences. In January this year, Gulf Energy Development agreed to buy a 49% stake in Hin Kong for joint investment. The power plant will use imported liquefied natural gas (LNG) as the main fuel.

Source: Bangkok Post July 05, 2020 19:18 UTC