Gheco One power station
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Gheco One power station is an operating power station of at least 660-megawatts (MW) in Tha Muang, Mueang Rayong, Rayong, Thailand.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Gheco One power station | Tha Muang, Mueang Rayong, Rayong, Thailand | 12.674653, 101.134665 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1: 12.674653, 101.134665
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year |
|---|---|---|---|---|---|
| Unit 1 | operating | coal: bituminous[1] | 660 | supercritical | 2012 |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | Glow Group; WHA Industrial Development PCL | Global Power Synergy PCL; WHA Corporation PCL |
Project-level coal details
- Coal source(s): Indonesia
Background
The power station began operation in 2012, with 65% owned by GDF SUEZ's Glow Energy and 35% owned by Thailand's Hemaraj Land & Development.[2]
In June 2018, Engie (formerly GDF Suez) sold its interest in Glow Energy to Thai independent power producer Global Power Synergy Public Company.[3] The sale was finalized in March 2019.[4]
The power station burns Indonesian, low-sulfur, subbituminous coal.[5]
The Thailand Power Development Plan for 2018-2037, as revised in 2020,[6] appears to reference the power station (see plan at page 17 or PDF at page 21).[7]
A May 2022 report from GPSC stated that the plant had temporarily reduced or halted operation due to rising coal prices in association with the Russian-Ukrainian conflict. The plant was back online as of June 2022.[8]
In June 2023, Gheco One received a Request for Arbitration from a coal supplier for allegedly breaching its 2021-22 Coal Supply and Transportation Agreement.[9] As of December 2023, Gheco One was found to be not liable.[10]
In June 2024, Global Power Synergy Public Company signed a Memorandum of Understanding with Korean company Doosan Energy to conduct a feasibility study for the implementation of ammonia co-firing and carbon capture (CCUS) technology at Gheco One power station through 2026.[11]
As of November 2024, Gheco One power station was reportedly experiencing high production costs.[12] The power business, including Gheco One, was described as being in "bad shape" (Google translate).[13]
Financing
In 2008, the project raised US$460 million and Thai Baht 9,960 million financing (total value US$750 million). The Project was financed in US dollars by a syndicate of seven international banks including Bank of Tokyo-Mitsubishi, UFJ, Fortis, KBC, KfW, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation. Thai Baht financing was provided by Bank of Ayudhya and Kasikornbank.[14]
In April 2023, it was reported that Glow coal-fired power plant was refinanced with THB 11,500.00m (US$ 335.6m) facility from 3 Thai banks - Kasikornbank, Kiatnakin Bank and Tisco Bank.[15]
Articles and Resources
References
- ↑ (PDF) https://web.archive.org/web/20240523235728/https://www.glow.co.th/storage/content/news-media/publication/annual-report/ar-2023-en/doc.pdf. Archived from the original (PDF) on 23 May 2024.
{{cite web}}: Missing or empty|title=(help) - ↑ "Glow Energy: Gheco-One Power Plant Begins Operations Thursday," 4-Traders, July 25, 2012
- ↑ "France's Engie sells its coal-fired generation in Asia Pacific," Platts, June 20, 2018
- ↑ "Thailand's PTT unit completes acquisition of Glow Energy stake," Reuters, March 15, 2019
- ↑ "Success Through Engineered Upgrades and a Focus on Behavior," Power Mag, August 3, 2020
- ↑ Supasit Boonsanong and Charuwan Charoonchitsathian, Tilleke & Gibbins, "Electricity regulation in Thailand: overview," Thomson Reuters, last updated October 1, 2020
- ↑ "Power Development Plan 2018-2037, revision 1," Energy Policy and Planning Office, October 2020.
- ↑ "GPSC REVEALS Q1/2022 FINANCIAL RESULTS, WITH THE REVENUE GROWTH OF 64% ALONG WITH THE READINESS TO GENERATE POWER AND UTILITIES FOR THE UPCOMING THAILAND REOPENING," Global Power Synergy Public Company, May 6, 2022.
- ↑ "GPSC Affirms Its Rights in Action against Arbitration Claimant of Breaching Agreement," Kaohoon International, June 28, 2023.
- ↑ "GPSC โบรกฯ เปิด 3 เหตุผล มองบวกยุติข้อพิพาท Gheco-one," thunhoon, December 2, 2023
- ↑ "두산 태국 발전소 암모니아‧CCUS 추진," 에너지타임즈, June 20, 2024
- ↑ "WHAUP Shows 9-Month Normalized Net Profit of 957 Million Baht, the Board Approves Interim Dividend Payment of 0.060 Baht per Share, XD Date Set for 21 November," WHA Utilities & Power Public Company Limited, November 8, 2024
- ↑ "ยอดขายที่ดินอุตสาหกรรมโตเด่น," Naewna.com, November 2, 2024
- ↑ "Hunton & Williams (Thailand) Limited Represents GHECO-One in US$750M Project Financing in Thailand". www.huntonak.com. October 2008.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Glow Coal-fired Power Plant (660MW) IPP Refinancing 2023". www.ijglobal.com. April 2023.
{{cite web}}: CS1 maint: url-status (link)
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
