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NONG SAENG NATURAL GAS POWER PROJECT  :Go to Project Summary

NONG SAENG NATURAL GAS POWER PROJECT 

Timetable

Borrower/Equity Investment Name GULF JP NS COMPANY LIMITED
Country Thailand
Location Saraburi Province, Thailand
Project Number 44946-01
Approval Number 7335
Type of ADB Assistance / Amount
GULF JP NS COMPANY LIMITED
7335 Private Sector Loan USD 170.00  million PROJECT
Thematic Classification
Economic growth
Private Sector Development
Sector/Subsector Energy / Conventional Energy
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Daniel Wiedmer
Project Sponsor(s) Power Generation Supply (PGS)
Description The Project entails the construction of a 1,600-megawatt combined cycle power plant in Nong Saeng district, Saraburi Province, 120 km north of Bangkok. The Project will be developed and implemented under a 25-year power purchase agreement (PPA) with the Electricity Generation Authority of Thailand (EGAT), and a 25-year gas supply agreement (GSA) with PTT Public Company Limited (PTT). Project costs and fuel are passed through the ofttake agreement. The Project is a public-private partnership (PPP) under the Independent Power Producers (IPP) program, that utilizes commercial energy from power plants with capacities greater than 90 MW. An interconnecting pipeline from the plant will connect to PTT's existing Wangnoi-Kaengkoi transmission pipeline 20 kilometers away. A new transmission line will also be constructed to connect to EGAT's system 1.5 kilometers away.
Objectives and Scope The Project will help (i) provide reliable and least-cost power to fuel economic growth and prevent supply shortfalls; (ii) promote efficient combined cycle technology and baseload alternatives to coal-fired generation; (iii) support public-private partnerships that enhance efficiency in the sector.
Status of Operation/Construction As certified by the Lenders' Technical Adviser, the Project is proceeding according to schedule and that there is no reason to believe that the COD would be delayed or the Project Budget to be exceeded. Moreover, the Project, its EPC contractor and sub-contractors are all deemed to be in compliance with the applicable environmental laws and permits.
Material Changes To be evaluated.
Linkage to Country/Regional Strategy The country partnership strategy for Thailand 2007¿2011 is directed at three core strategic areas¿infrastructure, environmental sustainability, and capital markets. Thailand's [10th national plan] prioritizes infrastructure development to enhance its competitiveness and support long-term growth. The Government's core challenge is to ensure that public resources are used efficiently and effectively. To achieve this, PPP models are being promoted as a means to reduce the financial burden, promote new technology, ensure timely construction, and achieve operational efficiencies. Catalyzing investment in the power sector has been identified as one of the key opportunities for ADB private sector assistance. More specifically, the development of innovative products such as partial credit guarantees that can be applied to mitigate project risks and mobilize additional cofinancing.
Safeguard Categories Safeguard Categories explained (Launches new browser window)
Environment A
Resettlement C
Indigenous People C
Summary of Environmental and Social Aspects The Project site will be located in an area allocated into two portions of land, the power plant area under in Nong-Saeng District of the Saraburi Province and the reservoir area across Highway No. 3043 under Pachee District of Phra Nakhon Si Ayutthaya Province of Thailand. Based on the EIA report (2009), the main potential negative and/or adverse environmental impacts of the project relate to air emissions, noise, water quality and aquatic ecology of the receiving surface waterbody, water use, land, forestry and wildlife ecology, traffic management, drainage and flood protection, public health, occupational health and safety, risks of oil and chemical spills and solid wastes. The Project will adopt best practice mitigation measures and effective control technologies to minimize emission and impacts laid out in the Project's environmental management plan (EMP).
Stakeholder Communication, Participation and Consultation Concerns and issues raised in public consultation activities within the affected communities include the Project's commitment to implement environmental measures identified, employment of local people and continuing information dissemination to ensure public participation and people's collaboration with the Project.
Timetable for assistance design, processing and implementation
Concept Clearance 14 Feb 2011
Due Diligence Mission 07 Mar 2011 to 11 Mar 2011
Private Sector Credit Committee Meeting 06 Jun 2011
Board Approval 07 Jul 2011
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