MHI Receives Full-Turnkey Order for 977MW GTCC Power Plant From KEGCO in
Long-term Service Agreement Also Signed
Tokyo, Aug 20, 2013 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI)
has received a full-turnkey order for the construction of a 977MW (megawatt)
gas turbine combined cycle (GTCC) power generation plant from Khanom
Electricity Generating Co., Ltd. (KEGCO), an independent power producer (IPP)
in Thailand. The plant is to comprise of two trains of a 488.5MW power
generation unit, with both blocks slated to go on-stream in June 2016. MHI and
KEGCO also concluded a long-term service agreement (LTSA) for the plant.
The new GTCC power plant, which will be built in accordance with the Thailand
Power Development Plan, will be located in Khanom District, Nakhon Si Thammarat
Province in Southern Thailand, approximately 700 km south of Bangkok. Once the
plant is completed, the power it generates will be supplied to the Electricity
Generating Authority of Thailand (EGAT) under a long-term power purchase
agreement, to support the nation's robust electricity demand.
The GTCC power plant will have dual fuel specifications enabling both natural
gas and diesel oil combustion, and will consist mainly of two M701F5 gas
turbines, two steam turbines and two generators. MHI will manufacture and
supply the gas and steam turbines and auxiliary equipment, while Mitsubishi
Electric Corporation will be responsible for the generators. Civil and
installation work at the construction site will be handled by Sino-Thai
Engineering & Construction Public Company Limited, a local construction
firm. Mitsubishi Corporation is handling trade particulars. After plant
inauguration, MHI will provide support in plant maintenance and management
based on the LTSA.
KEGCO is a wholly owned subsidiary of Electricity Generating Public Company
Limited (EGCO), a major IPP established in 1992 through privatization of part
of EGAT. EGCO is listed on the Stock Exchange of Thailand (SET). Its major
shareholders are EGAT and TEPDIA Generating B.V., a fifty-fifty joint venture
between Tokyo Electric Power Company, Incorporated (TEPCO) and Mitsubishi
GTCC power generation uses gas and steam turbines in combination to generate
electricity in two stages, utilizing high-temperature exhaust gas from the gas
turbine to produce steam to drive the steam turbine. This configuration enables
GTCC power plants to achieve higher thermal efficiency, which in turn reduces
fuel consumption and emissions, ultimately contributing to both efficient
fossil fuel utilization and lighter burden on the environment. Owing to these
beneficial features, demand for GTCC power plants is increasing globally.
MHI has already delivered numerous GTCC power generation systems in Japan and
other countries, and the company enjoys a solid reputation in the power
generation system market for both its technological expertise and delivery
track record. Adding the momentum from the latest order, going forward MHI now
looks to further strengthen its aggressive marketing activities for its GTCC
power generation systems as a way of making a strong contribution to more
effective energy utilization and reduction of CO2 emissions worldwide.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one
of the world's leading heavy machinery manufacturers, with consolidated
sales of 2,820.9 billion for the year ended March 31, 2012. MHI's diverse
lineup of products and services encompasses shipbuilding, power plants,
chemical plants, environmental equipment, steel structures, industrial and
general machinery, aircraft, space rocketry and air-conditioning systems. For
more information, please visit the MHI website at www.mhi.co.jp.
Mitsubishi Heavy Industries
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