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| Marubeni Wins Contract for Construction of Combined Heat and Power Plant from IRPC in Thailand |
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Tokyo, Sept 25, 2009 (JCN) - Marubeni has been awarded a contract for construction of a Combined Heat and Power (CHP) plant from IRPC Public Company Limited, a petroleum refinery and petrochemical manufacturer belonging to the PTT group, the largest energy company group in Thailand.
With a maximum capacity of 220MW and 400 tons/h steam, the contract is worth approximately 124 million US dollars and the plant is expected to be commissioned in May 2011.
IRPC is the owner of the South East Asia's largest integrated petrochemical complex in Rayong province of Thailand, and plans to further invest 1.2 billion US dollars within the next 5 years in order to strengthen its existing business as well as develop new business opportunities and enhance their sustainable growth.
This project is part of the 5 year investment plan. The electricity and steam generated by the CHP plant will mainly be utilized at their petrochemical complex and also contribute to reducing the emission level of the petrochemical complex using Natural Gas as a fuel.
Marubeni enjoys a successful record in power plant construction projects in Thailand, having been awarded multiple combined cycle projects in 2005 and 2006 by EGAT (Electricity Generating Authority of Thailand), as well as another project by the other public company in 2008.
Copyright © 2010 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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