GULF and EGAT signs Owners Engineer Field Services Agreements

Energy Press Releases Friday September 14, 2018 11:57
Bangkok--14 Sep--Gulf Energy Development

Mrs. Porntipa Chinvetkitvanit, President of Gulf Energy Development Public Company Limited, or GULF, revealed that as GULF is preparing for construction of its Independent Power Producer (IPP) projects, it has recognized the need to seek an expert with experience in power project development and construction to engage in its power projects. As the Electricity Generating Authority of Thailand (EGAT) is specialized in this field, GULF has thus decided to have EGAT provide engineering and construction consultancy services for the two power projects, which have a total contracted power generating capacity of 5,000 megawatts, and to sign Owner's Engineer Field Services Agreements worth 400 million baht.

GULF and EGAT entered into two agreements, namely, 1) an Owner's Engineer Field Services Agreement (effective from December 2018 to October 2022) for GSRC power project, which has a contracted power generating capacity of 2,500 megawatts, located in Sriracha district, Chonburi province and operated by Gulf SRC Company Limited, and 2) an Owner's Engineer Field Services Agreement (effective from December 2020 to October 2024) for GPD power project, which has a contracted power generating capacity of 2,500 megawatts, located in Pluak Daeng district, Rayong province and operated by Gulf PD Company Limited. Both companies are subsidiaries of GULF.

"The reason that GULF selected EGAT to oversee the construction of the two IPP projects is because EGAT has a team with specialized expertise in power plant construction along with quality personnel. By working with EGAT, we can be assured that the construction work will be completed as scheduled and the power plants will meet quality standards and meet the electricity generation targets we have set", Mrs. Porntipa stated.

Mr. Viboon Rerksirathai, Governor of EGAT, stated, "We would like to thank GULF for their trust in allowing EGAT to be involved in the project development for the benefit and stability of Thailand's grid system, especially the two projects located in the eastern region where the demand for electricity consumption is continuing to grow as a result of the public policies developed in accordance with the strategic plan under the Thailand 4.0 policy to upgrade the country's standard of living through the Eastern Economic Corridor (EEC) development project. EGAT hopes that we will have more opportunities to develop other projects with GULF in the future."


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