Gulf stands as sole likely IPP winner | Bangkok Post: business

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Gulf stands as sole likely IPP winner

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Gulf Energy Development Co was the only winner for Thailand's third round of Independent Power Producer (IPP) bidding, with combined capacity of 5,000 megawatts. 

A source who asked not to be named said Gulf was shortlisted based on technical criteria two weeks ago and named the sole winner in terms of proposed electricity tariffs last week.

Five bidders won in the first round and three in the second round. The third round of IPP bidding calls for gas-fired power plants with natural gas to be supplied by sales from the oil and gas giant PTT Plc.

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