PARIS, Sept. 10 /CNW/ - Glow Energy, part of the GDF SUEZ Group, is
expanding its cogeneration business, developing two new projects, a 382 MWeq(*)
gas-fired plant, which construction started in August, and a 115 MWeq coal
plant which will start commercial operations at the end of 2009.
The new capacities will begin to boost the company's results as from
2010. Nearly 70% of the total electricity and steam output of the gas-fired
cogeneration plant capacity and 100% of the coal plant capacity has already
been contracted by major industrial customers. Both installations are located
in the Map Ta Phut industrial area and will serve to meet the growing energy
needs of the industry.
Glow Energy also signed today a 25 year, 660 MW Power Purchase Agreement
with the Electricity Generating Authority of Thailand (EGAT) for GHECO, the
country's second coal-fired IPP power plant. Construction preparation of this
project began in July, and the plant is scheduled to start commercial
operation in November 2011. The project will benefit Thailand by providing
higher fuel diversification and lower electricity prices. The plant will use
highly sophisticated supercritical technology combining advanced emission
control systems and high fuel efficiency.
By the end of 2011, Glow Group's production capacity will have expanded
by more than 50%, increasing considerably the company's earnings.
(*) MW equivalent gross is made up of electrical energy, thermal energy
and demineralised water converted into MW.
About Glow Energy:
Glow Energy is a member of the Glow Group, which is a major energy player
in Thailand. Glow Group's combined installed capacities include 1,708 MW of
electricity and 967 tons per hour of steam.
Glow Group generates and supplies electricity to Electricity Generating
Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and
IPP (Independent Power Producer) programs, as well as electricity, steam,
industrial water and services to a group of about 40 large industrial
customers, principally located in the Map Ta Phut petrochemical complex. GDF
SUEZ owns 69% of the Glow Group.
About GDF SUEZ:
One of the leading energy providers in the world, GDF SUEZ is active
across the entire energy value chain, in electricity and natural gas, upstream
to downstream. It develops its businesses (energy, energy services and
environment) around a responsible-growth model to take up the great
challenges: responding to energy needs, ensuring the security of supply,
fighting against climate change and maximizing the use of resources. GDF SUEZ
relies on diversified supply sources as well as flexible and high-performance
power generation in order to provide innovative energy solutions to
individuals, cities and businesses. The Group employs 196,500 people worldwide
and achieved revenues of EUR74,3 billion in 2007. GDF SUEZ is listed on the
Brussels, Luxembourg and Paris stock exchanges and is represented in the main
international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext
100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
For further information:
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