fbpx 53239-001: Eastern Economic Corridor Independent Power Project | Asian Development Bank

Thailand: Eastern Economic Corridor Independent Power Project

Nonsovereign (Private) Project | 53239-001 Status: Proposed

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. To support the EEC development plan, substantial investment is needed in social and utility services such as schools, hospitals, water, and electricity. In the future, EEC will become a hub of trade and investment, a center for regional transportation and logistics, a significant source for human resources, a tourist attraction, and the modern gateway to ASEAN, China, and India. Demand for electricity is expected to increase in parallel with growth in tourism, commercial, and industrial activities, and from the influx of residents in search of new employment and better quality of life.

Project Details

Project Officer
Hashizume, Shuji Private Sector Operations Department Request for information
Country
  • Thailand
Sector
  • Energy
 
Project Name Eastern Economic Corridor Independent Power Project
Project Number 53239-001
Borrower/Company
Country Thailand
Location
Type or Modality of Assistance
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Energy / Conventional energy generation - Energy efficiency and conservation

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Hashizume, Shuji
Project Sponsor(s) Gulf Energy Development Public Company Limited
Description 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. To support the EEC development plan, substantial investment is needed in social and utility services such as schools, hospitals, water, and electricity. In the future, EEC will become a hub of trade and investment, a center for regional transportation and logistics, a significant source for human resources, a tourist attraction, and the modern gateway to ASEAN, China, and India. Demand for electricity is expected to increase in parallel with growth in tourism, commercial, and industrial activities, and from the influx of residents in search of new employment and better quality of life.
Objectives and Scope 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.
Linkage to Country/Regional Strategy The project is consistent with ADB's Strategy 2030 which includes: i) promotion of private sector participation in infrastructure through project financing, ii) prioritizing investments for low greenhouse gas emission energy, and iii) building strong partnerships for more resource mobilization. ADB's support for the project is also in line with its country partnership strategy for Thailand, 2013-2016, and its country operations business plan, 2018-2020, both of which promote the support for private sector development, energy infrastructure, and responding to Thailand's needs and priorities as an upper middle-income country.
Safeguard Categories
Environment A
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 27 Jun 2019
Credit Committee Meeting -
Approval -
Last PDS Update 17 May 2019

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