NAKHON RATCHASIMA : Wind Energy Holding Co, a local wind farm operator, will invest about 30-35 billion baht to build five wind farms with a combined capacity of 420 megawatts.
Board chairman Nopporn Suppipat said the company planned to list on the Stock Exchange of Thailand by 2015 to raise 10 billion baht, some of which will finance the project.
Its first project _ two wind farms in Nakhon Ratchasima _ officially began operation yesterday in a ceremony presided over by Prime Minister Yingluck Shinawatra.
They are called West Huaybong 2 Co and West Huaybong 3 Co.
In the longer term, it aims to increase total capacity to more than 1,000 MW from 207 MW at present.
The two units are the joint venture with Demco Plc, through Aeolus Power at 60%, Chubu Electric Power (20%) and Ratchaburi Electricity Generating Holding Plc (20%).
With a combined capacity of 207 MW, the project is the largest wind farm in Southeast Asia.
The 13.05-billion-baht project will supply electricity to the Electricity Generating Authority of Thailand (Egat) under a 25-year power purchase agreement (PPA) as a small power producer.
The project will receive an adder tariff of 3.50 baht per kilowatt-hour (unit) for the first 10 years of operations.
It comprises 90 units of wind turbines.
Mr Nopporn said the company plans to develop the 60-MW Khao Kor Wind Farm project in Phetchabun province. The project has already signed a PPA with Egat. It will begin operation next year.
The company will also sign PPAs for three more projects with a combined capacity of 270 MW.
Wind Energy also holds another four licences of wind farm development with a total capacity of 300 MW, of which PPA have not been signed with Egat.
About the author
- Writer: Yuthana Praiwan
Position: Business Reporter