Eastern Economic Corridor Independent Power Project (ADB-53239-001)

Countries
  • Thailand
Geographic location where the impacts of the investment may be experienced.
Specific Location
Rayong
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
No disclosed
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank May 17, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, "The Project entails the construction and operation of a 2,500 megawatt (MW) gas-fired IPP project in Rayong province, Thailand. The Project will be one of the largest power plants in Thailand and will help meet the projected growth and industrial transformation plans under the Eastern Economic Corridor (EEC) development plan. The Project will provide significant generating capacity that is reliable, efficient, and cost-effective.

The Pluak Daeng Power Plant of Gulf PDCo., Ltd. covers area of 492 rai, 1 ngan and 20.3 square wah or approximately 492 rai, covering 13 plots of land in the Pluak Daeng Industrial Park (Industrial Park), Map Yang Phon sub-district, Pluak Daeng district, Rayong Province...The proposed Pluak Daeng Power Plant will utilize natural gas as main fuel and diesel oil as back up fuel. The total installed capacity of this power plantis 2,920 MW whichwill be sold to the Electricity Generating Authority of Thailand (EGAT). Major machineriesand equipment of the Pluak DaengPower Plant will be four combustion turbine generators (CTG), four heat recovery steam generators(HRSG) and foursteam turbine generators(STG). The generated electricity to be sold to EGAT will be dispatched via the 500 kV Pluak DaengSub-station. The natural gas for the project to be supplied by PTT (Public) Co., Ltd. is expected to peak at412 million cubic feet/day at LHV dry valueand the diesel oil supplyas contingencyfuel,is expected to be8,631 m3/day. Raw water will be provided by the Eastern Water Resources Development and Management PCL with rate of 63,000m3/day and stored in the 189,000 m3 reservoir."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Electricity Generating Authority of Thailand (EGAT) Buyer -
- - - - Gulf PD Co., Ltd Client -
- - - - TEAM Consulting Engineering and Management Co., Ltd. Contractor -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Hashizume, Shuji

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

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How it works