KUALA LUMPUR: Ranhill Holdings Bhd
plans to team up with Thailand's Treasure Specialty Co. Ltd (TS Co) to look into the setting up of a 1,150MW combined cycle gas turbine power plant in Kedah.
Ranhill said on Wednesday its board had approved the execution of a collaboration agreement with TS Co.
It said the intention was to export the entire power generated from the power plant to Thailand.
TS Co is the adviser for Ranhill’s Thai water businesses and moving forward will jointly develop and co-invest with Ranhill in new water concessions in Thailand.
“For the purpose of the project, TS Co will be the co-promoter of the project with Ranhill and will take the lead in project development aspect on the Thailand side,” it said.
Ranhill said the proposed project, utilising existing infrastructure for gas-fired power plant, will be able to provide a cost competitive solution to the provision of clean electricity power to the provinces of Southern Thailand.