Marubeni Wins Contract from IRPC in Thailand
Marubeni has been awarded a contract for construction of a Combined Heat and Power (CHP) plant from IRPC Public Company Limited, a petroleum refinery and petrochemical manufacturer belonging to the PTT group, in Thailand. With a maximum capacity of 220 MW and 400 tons/h steam, the contract is worth approximately US$124 million and the plant is expected to be commissioned in May 2011.
IRPC is the owner of a South East Asian integrated petrochemical complex in Rayong province of Thailand, and plans to further invest US$1.2 billion within the next five years in order to strengthen its existing business as well as develop new business opportunities and enhance their sustainable growth.
This project is part of the five year investment plan. The electricity and steam generated by the CHP plant will mainly be utilized at their petrochemical complex and also contribute to reducing the emission level of the petrochemical complex using natural gas as a fuel.
Marubeni has experience in power plant construction projects in Thailand, having been awarded multiple combined cycle projects in 2005 and 2006 by EGAT (Electricity Generating Authority of Thailand), as well as another project by the other public company in 2008.
For more information: www.marubeni.com