PTT Signs the Second Integrity Pact, Strengthening Anti-Corruption Policy

Energy Press Releases Tuesday July 18, 2017 16:12
Bangkok--18 Jul--PTT

Today (18 July 2017), General Anantaporn Kanjanarat, Minister of Energy presided over the signing ceremony of memorandums of understanding (MoUs) regarding an adoption of Integrity Pact for the Fifth Transmission Pipeline Project (Phase 2) and the new LNG Receiving Terminal Project in Rayong.The signing ceremony was attended by Mr.Pramon Suthiwong, Chairman of Anti-Corruption Organization(Thailand), Mr. Piyasvasti Amranand, Chairman of PTT Public Company Limited, and Mr. Tevin Vongvanich, President & CEO of PTT Public Company Limited.

Mr. Piyasvasti Amranand, Chairman of PTT Public Company Limited said that PTT has continuously adhered to Integrity Pact which was introduced in 2015. As a tool to prevent corruption in public contracting, the Integrity Pact ensures that all activities betweenparticular government agency (project owner) and bidders are handled in a bribery/corruption-free manner and the disclosure of important project information is transparent. This year, the Fifth Transmission Pipeline Project (Phase 2) and LNG Receiving Terminal Project in Rayong were selected by anti-corruption cooperation committee to be part of Integrity Pact. The MoUs was also signed by9 distinguished guests from public and private sectors as the observers.

The MoUs regarding the adoption of Integrity Pact for the Fifth Transmission Pipeline Project(Phase 2) is a mutual agreement between PTT and 8 interested bidders in purchasing invitation-to-bid document. The project was approved by the Cabinet on 27 October 2015 with the purpose to increase national energy security, expanding the transmission capacity of Natural Gas Pipeline Network from the East to the West. Moreover, in response to the predicted rise in electricity demand, the project will ensure sufficient gas supply for Bang Pakong power plant, Wang-Noi power plant, Northern Bangkok power plant, and Southern Bangkok power plant. With the budget of 96,500 million Baht, the Fifth Transmission Pipeline Project is expected to be operated in 2021.

The MoUs regarding the adoption of Integrity Pact for the new LNG Receiving Terminal Project in Rayong is a mutual agreement between PTT and 6 bidders.The project was approved by the Cabinet on 8 December 2016 to build a berth anda LNG terminal with the storage capacity at 7.5 million tons per year. With the budget of 38,500 million Baht, the LNG Receiving Terminal Project is expected to be operated in 2022.

"To comply with the government's anti-corruption policy, signing agreement regarding the Integrity Pact for these 2 projects represents PTT's strong determination to set standard for transparent procurement and good governance practice, paving ways for corruption-free future of Thailand as well as ensuring long-term energy security.", Mr. Piyasvasti added.


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