Japan’s Mitsubishi Power has signed a 25-year, full turnkey contract with Thailand’s Hin Kong Power to construct a 1,400 MW power plant.
A subsidiary of Japan’s famous Mitsubishi Heavy Industries, Mitsubishi Power will provide two gas turbines for Kin Hong’s power plant, which is a natural gas-fired turbine combined cycle (GTCC) facility.
This agreement will be of immense benefit to Thailand. As an emerging tech market, the construction of power plants means more electricity generated, and more electricity means more capacity to power a wide array of technology solutions.
Kin Hong’s power plant will be built approximately 100 kilometres west of Thailand’s capital city Bangkok. As a GTCC facility, the power plant will generate the cleanest and most efficient source of energy among systems that use fossil fuels.
The plant will also reuse excess gas from the turbines to drive the steam turbine, producing electricity in the process. So, compared to conventional coal-fired thermal power plants, CO2 emissions can be reduced by 70%, providing an annual reduction of seven million tonnes of CO2 from the 1,400 MW of generating capacity.
The power generated will then be sold directly to the state’s Electricity Generating Authority of Thailand.
Commercial operations of both gas turbines are projected to begin in March 2024 and January 2025 respectively. Mitsubishi Power will also provide maintenance support for the gas turbines for the next 25 years.
This is not the only time Mitsubishi Power has worked with Hin Kong Power’s parent company RATCH Group and Gulf Energy Development, two major independent power producers in Thailand.
Including this project, Mitsubishi Power will have supplied a total of 22 gas turbines for the two companies, totalling over 15,000 MW of power generation capacity. The track record established between Mitsubishi Power and these two companies led to this current contract.
Thailand is one of few Southeast Asian nations that show strong growth potential in data center and cloud industries. In September, it was predicted that the cloud computing industry will create 24,000 new jobs in the country by 2024.