Pinthong-IRPC invests 4,200 million. Established two Cogeneration Power Plants 120MW.

“Pinthong Industrial Estate joins hands with “IRPC Clean Power,” invest 4,200 million baht in launching two more Cogeneration Power Plants total 120 MW at Chonburi. By Chinese investors waiting to buy the land 150 rai (24 Hectare). To bring the automotive electronics industry to create at the new industrial estate (Pinthong 6), predicted that the investment value could be up to 38,000 million baht. Mr. Surach Patanawongyuneyong, Chief Operating Officer of Pinthong Industrial Park Public Company Limited, said, the company has preparing to sign a memorandum of understanding (MOU) with PTT Group. The company is a joint venture with IRPC Clean Power Company Limited invested in two Cogeneration Power Plants in the Pinthong Industrial Estate. One of them in Pinthong Industrial Project 1 and 2 with size 60 megawatts. And another one in Pinthong Industrial 5 with size 60 megawatts. They are expected to invest more than 4,200 million baht with a clear of this project in the third quarter of 2020. So, the project is one of the company’s five-year investment plans. The company has prepared investment stakes of approximately 2,000 million baht per year, land 1,900 rai (304 Hectare), and ready to expand to other businesses. At this time, Chinese investors have begun to send signals to move to Thailand. Since the second quarter of 2019, an increase of 72% from originally is Japanese investors.