Signing Ceremony of the Ratchaphatsadu Land Lease Agreement for Electricity Generation and Chilled Water Supply in Development of U-Tapao International Airport and Eastern Airport City Project was recently held.
Sontirat Sontijirawong, Energy Minister of the Kingdom of Thailand presided over the Signing Ceremony between B.Grimm Power Public Company Limited, the Royal Thai Navy and the Eastern Economic Corridor Office of Thailand (EEC) for State Land Lease Agreement for the development of the hybrid electricity generation project of the U-Tapao International Airport and the Eastern Airport City which will become one of the largest hybrid power plants in the world efficiently utilising the three electricity-generating systems.
The hybrid power supply is made up of an 80MW gas-fired power plant and a 15MW solar photovoltaic farm, as well as a 50MW energy storage system (ESS), all on land adjacent to the airport and the EAC.
The company signed a 29.5-year lease for 100 rai of state land with the Eastern Economic Corridor (EEC) and the Royal Thai Army. The firm was awarded a concession to develop and run a 95-megawatt power supply system and produce chilled water at an estimated cost of 3.8 billion baht.
This project will be considered the largest by capacity in the world for this type of hybrid system and will have an internal rate of return averaging 12%. It is expected to begin operations in the year 2023.
China Energy and Engineering Corporation will supply solar panels and equipment whereas Korea Electric Power Corporation will supply the ESS and energy management system technology and Siemens will supply gas and steam turbines for the power supply.
The project is part of development plans for turning U-tapao airport and the EAC into tourism, logistics and aviation hub.