CK gets B19bn environmental contract for Xayaburi dam

CK gets B19bn environmental contract for Xayaburi dam

Protesters who fear the Xayaburi dam on the Mekong River in Laos will ruin the fisheries sector demonstrate in Bangkok in April 2012. (Bangkok Post file photo)
Protesters who fear the Xayaburi dam on the Mekong River in Laos will ruin the fisheries sector demonstrate in Bangkok in April 2012. (Bangkok Post file photo)

SET-listed Thai construction firm Ch. Karnchang Plc (CK) has secured an additional 19-billion-baht construction contract to optimise the environmental performance of the Xayaburi hydroelectric power plant in Laos.

Company president Supamas Trivisvavet said the additional construction aimed to fulfill requests by the Mekong River Commission to create an earthquake-resistant structure, navigation log, fish passageway and sediment flushing system.

She said the Lao government also agreed to extend the concession period for Xayaburi Power Company Limited (XPCL) and provide additional incentives to compensate for the higher investment and enable the project to continue to achieve the pre-set return-on-investment goal.

“We had already started the work in advance in order to expedite the project construction and are confident that Xayaburi Power Plant will be ready to start commercial operation in 2019 as planned,” said Ms Supamas. 

Ch. Karnchang is the largest shareholder of CK Power Plc, which holds a majority of XPCL.

Ch. Karnchang has reported its operating performance for the first quarter of 2016 ending  March 31, 2016 with revenue of 8.98 billion and profit of 305 million baht from construction works, with a current backlog of 77 billion baht.


Do you like the content of this article?
COMMENT (2)

New chief pledges to cut expenditure

The Royal Thai Air Force (RTAF) will have to tighten its belt and maximise the utilisation of its existing resources, assistant air force chief ACM Alongkorn Vannarot said on Monday.

08:00

351 new Covid inpatients, 10 more deaths

The country registered 10 more Covid-19 fatalities and 351 new cases admitted to hospitals during the previous 24 hours, the Public Health Ministry announced on Tuesday morning.

07:54

England rally in six-goal Germany thriller to ease pressure on Southgate

LONDON: Gareth Southgate hopes England will feel the benefit of being put under intense pressure in recent days at the World Cup after fighting back from 2-0 down to salvage a 3-3 draw against Germany on Monday.

07:45