JBIC singed a loan agreement of project financing*1 with Gulf JP NS Co., Ltd. (GNS), a subsidiary of Electric Power Development Co, Ltd. (J-POWER) in Thailand, for financing a project to build and operate a natural gas-fired combined cycle power pant with the capacity of 1,600 MW in Nong Saeng district, Saraburi Province. The project is a typical form of Japanese deployment of overseas integrated infrastructure system project, with J-POWER leading the project deploying the latest facilities and technologies by Mitsubishi Heavy Industries Ltd.
||Build and operate a natural gas-fired combined cycle power plant with a capacity of 1,600 MW (800 MWx2), and sell the electricity generated to the Electricity Generating Authority of Thailand (EGAT) for 25 years.
||Gulf JP NS Company Limited incorporated in Thailand
||Nong Saeng District, Saraburi Province, Kingdom of Thailand
||November 4, 2011
||Electric Power Development Co, Ltd. (J-Power), Gulf Energy Development Company
|Related Japanese Companies
||J-Power, Mizuho Corporate Bank, Ltd.
|Total Cofinancing Amount
||1.184 billion US dollars
|JBIC Loan Amount
||270 million US dollars
- *1Project finance is a financing structure that relies primarily on the cash flow generated by the project for repayment. It is used for financing large projects in such sectors as power generation and oil, gas or other natural resource development.