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Japan's Marubeni Corp. said that the company, together with Toshiba Engineering Corp., has been awarded a contract to build a gas turbine co-generation plant in Thailand's Rayong province.
Under the contract with Glow SPP Public, Thailand's largest independent power producer, Marubeni and Toshiba Engineering will build a co-generation plant that can generate 37 000 kW of electricity and supply steam, a Marubeni spokesman said.
The plant will cost roughly Y3 billion, with construction scheduled to be completed in January 2005, said the spokesman.
The plant comprises the first phase of Glow SPP's project to construct a large-scale co-generation plant with a maximum capacity to generate 240 000 kW of electricity.
Glow SPP is expected to supply power and steam to the industrial areas in the province. In 1996, Marubeni was awarded a contract by Glow SPP to construct a 530 000 kW power plant for Y40 billion, the company spokesman said.
Japanese trading houses and engineering firms have resumed plant and capital investments in construction projects for power plants and oil refineries in Thailand, Indonesia, and Vietnam, following the suspension of these projects during the 1997-98 Asian financial crisis, the spokesman added.
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