Bangkok--Nov 16--PTT
PTT — Gulf Power Generation Sign Accord for Gas Supply to Kaeng Khoi Power Plant, Adding to Domestic Energy Security
15 November 2004, Sukhothai Hotel — PTT Plc and Gulf Power Generation today signed a gas sales agreement for Gulf Power Generation’s combined-cycle power plant located at Kaeng Khoi, Saraburi, over 2007-2032.
The accord was signed by Mr. Prasert Bunsumpun and Mr.Chitrapongse Kwangsukstith, President and Senior Executive Vice President of PTT respectively, and Mr. Sommai Phasee and Mr. Sarath Ratanavadee, Chairman and Managing Director of Gulf Power Generation Co., Ltd. respectively.
The PTT President said this agreement, spanning 2007 and 2032, governed gas supply to two units of Gulf Power Generation operation in Kaeng Khoi, each with a capacity of 734 megawatts, with commercial operation dates planned for 2007 and 2008 respectively. The gas demand will in the first year total 125 million cubic feet a day (MMCSFD) and then rise to 250 MMSCFD with the completion of the second unit. For this purpose, PTT plans to secure gas from the Gulf of Thailand over 25 years beginning in 2007 or after the completion of its Third Gas Pipeline. The estimated contractual value of the gas is 300,000 million baht.
At present PTT is implementing its revised master plan for the Third Gas Pipeline (2001-2011) to expand the capacity of its Western and Eastern Pipeline Systems, which would in turn enable Thailand to secure up to 1,950 MMSCFD of gas from both Myanmar and the Gulf of Thailand, including the Joint Development Area with Malaysia. This volume replaces 47 million liters/day or 295,000 barrels/day of fuel oil.
“As the nation’s fuel supply agency, PTT plans its procurement of sufficient natural gas to meet the demand of the Kaeng Khoi power plant — both present and future — at reasonable prices and with the national supply security in its consideration,” the PTT President said.
For additional information, contact:
Public Relations Section, Gas Business Group, PTT Plc
Tel. 0-2537-3217
Fax 0-2537-3211 End.