GULF’s GSRC Power Project Unit 3 Achieves COD on March 31

Gulf Energy Development Public Company Limited (SET: GULF) announced on Thursday that its subsidiary and operator of GSRC power project under the Independent Power Producer (IPP) scheme, Gulf SRC Company Limited, has commenced the sale of electricity generated from its third unit to the Electricity Generating Authority of Thailand (EGAT) as  scheduled, following the commercial operation commencement of its first and second units with a total installed power generation capacity of 1,325 megawatts on March 31 and October 1, 2021, respectively. 

The GSRC power project is located in the WHA Eastern Seaboard Industrial Estate 1, Sriracha district, Chonburi province, and is one of the IPPs that uses natural gas as source of fuel under Independent Power Development Company Limited (IPD), the operator of two IPP power projects with combined installed capacity of 5,300 megawatts, namely, GSRC power project and GPD power project. Each project has an installed capacity of 2,650.0 megawatts (comprising 4 power producing units with capacity of 662.5 megawatts per unit) and has a 25-year power purchase agreement with EGAT. 

GSRC is scheduled to commence commercial operation for unit 4 in October 2022, while GPD is scheduled to commence commercial operation between 2023-2024.