Thailand is the first country in Southeast Asia to adopt an official plan for renewable energy development. By the year 2022, Thailand hopes to satisfy 20% of its domestic energy need through renewable sources. Mitsubishi Corporation (MC) has invested in the Changwat Lop Buri power generation project together with partners Hong Kong utilities company CLP Holdings Limited (CLP), and Electricity Generating Public Company Limited (EGCO), one of Thailand’s largest IPPs with Thai-MC to link and facilitate all the company to communicate and work in Thailand with Thai people.
The total project cost is approximately 250 million US dollars. NED has signed a Supply and Construction Agreement with a consortium comprising SHARP Corporation, Italian-Thai Development Public Company Limited, and Ital Thai Engineering Co., Ltd., and a Financing Agreement with the Asian Development Bank and Thai Commercial Banks.