RATCH Group Public Company Limited (SET: RATCH) reported on Tuesday that the 98-megawatts Nexif RATCH Energy Rayong Combined Cycle Power Plant Project has officially started commercial operation on 30 April 2022.
Nexif RATCH Energy Rayong Combined Cycle Power Plant Project is held by Nexif RATCH Energy Rayong Co.,Ltd. through NEXIF RATCH ENERGY SINGAPORE PTE.LTD. (NRES) (an indirect joint venture in which RATCH held a 49 percent stake) and had a 25-year Power Purchase Agreement with the Electricity Generating Authority of Thailand.
As a result, RATCH immediately recognized the income.