Thai Oil to bid on 1,400MW electricity plant
Thai Oil, Thailand's largest petroleum refiner and supplier, is preparing to contend in the bidding to build a natural-gas-powered electricity plant with a 1,400-megawatt capacity.
Managing director Viroj Mavichak yesterday said the company was waiting for the Energy Ministry to start the tender process. He said the cost of the 1,400-megawatt-plant was expected to be about US$400,000 (Bt14.55 million) per megawatt, for a total of $560 million. Viroj said Thai Oil was considering whether to select the technology of Siemens or GE in building the plant, depending on their proposals. Thai Oil is confident of its potential to win the bid, given its relatively low operating costs. It can allocate the vacant land plot of its Independent Power (Thailand) subsidiary to set up the plant. Viroj said the company would join the bidding on its own. Private companies, including Egco, Saha Union and IRPC, are interested in contending in the bidding to build new electricity plants in 2011. Viroj said his company was also planning to go international. For instance, Vietnam is among the first targets within Asean that Thai Oil is eyeing for expansion.
Watcharapong Thongrung
The Nation
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