BANGKOK – Thai and Chinese companies are joining force in developing a 200 billion baht nuclear power project called “Fangchenggang”.
Ratchaburi Electricity Generating Holding Company in joining hands with China General Nuclear Power Corporation (“CGN”) and Guangxi Investment Group Company Limited (“GIG”) on Fangchenggang Nuclear Power Project Phase II after signing an equity joint venture contract which aims to develop, carry out the construction, and operate the second phase of Fangchenggang project.
Fangchenggang is a 6,000-MW mega project, which is divided into three phases. The construction began in December last year and is expected to complete within a 5-year period.
The second phase of the project will be launched in Guangxi Autonomous Region, China.
Mr. Rum Herabat, CEO of Ratchaburi Electricity Generating Holding, said nuclear power is a good alternative for energy generation especially after the 21st round of bidding for concessions for oil and gas exploration in Thailand has been postponed. He said the delays of the petroleum concessions are threatening the country’s energy security; therefore, Thailand needs an alternative way to generate power.
He said not only can a nuclear plant generate a profuse amount of power, it does not produce carbon dioxide which is the main cause of global warming.