Thailand: Eastern Economic Corridor Independent Power Project
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
Gulshan, Karan Raj
Private Sector Operations Department
Request for information -
Country/Economy
Thailand -
Sector
- Energy
| Project Name | Eastern Economic Corridor Independent Power Project | |||||||||||||||
| Project Number | 53239-001 | |||||||||||||||
| Borrower / Company | Gulf PD Company Limited |
|||||||||||||||
| Country / Economy | Thailand |
|||||||||||||||
| Location | Nation-wide | |||||||||||||||
| 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 | Portfolio Management Division, PSOD | |||||||||||||||
| Responsible ADB Officer | Gulshan, Karan Raj | |||||||||||||||
| Project Sponsor(s) | Gulf Energy Development Public Company Limited MITSUI & CO. |
|||||||||||||||
| 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. | |||||||||||||||
| Status of Development Objectives | The project is aligned with Thailand 4.0, the government's strategy designed to promote and support innovation, creativity, research and development, higher technologies, and green technologies. It will also help improve Thailand's power system stability and reliability. | |||||||||||||||
| Status of Operation/Construction | Target completion in October 2024. | |||||||||||||||
| 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 | A draft environmental and social impact assessment (ESIA) and management plans were prepared by Gulf PD and disclosed on ADB's website. ADB undertook due diligence and reviewed the project's potential environmental and social impacts and the measures to avoid, minimize, mitigate, and compensate for the adverse impacts in the safeguard reports and plans. The ESIA was updated to meet ADB's requirements. |
| Involuntary Resettlement | The ESIA and ADB due diligence found no legacy issues regarding the historical transfer of the project land. EGAT will construct the proposed transmission line. |
| Indigenous Peoples | The ESIA recorded no presence of distinct and vulnerable indigenous peoples or ethnic minority groups in the project's area of influence. The social due diligence confirmed the same. |
| Stakeholder Communication, Participation, and Consultation | Public consultation was undertaken by Gulf PD as part of the ESIA process in three phases. Public concerns and feedback, including mitigation measures for concerns raised by stakeholders, have been included in the ESIA and disclosed. |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 27 Jun 2019 |
| Credit Committee Meeting | 02 Sep 2019 |
| Approval | 24 Oct 2019 |
| Last PDS Update | 23 Sep 2022 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Eastern Economic Corridor Independent Power Project: Report and Recommendation of the President | Reports and Recommendations of the President | Sep 2019 |
| Eastern Economic Corridor Independent Power Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Sep 2019 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
-
ADB, Gulf PD Sign Deal to Build 2,500 MW Power Plant in Thailand
ADB and Gulf PD today signed a $180 million agreement to build and operate a 2,500-megawatt (MW) combined cycle gas turbine power plant in the Rojana Rayong 2 Industrial Park of Thailand’s Rayong Province, about 150 km...