If completed, power from the 1830-MW coal plant will be sold to the region’s largest monopoly buyer, state-owned Electricity Generating Authority of Thailand (EGAT), starting in 2014. The joint venture known as Koh Kong Power Light includes EGAT’s private subsidiaries EGCO and Ratchaburi Electricity, as well as Hong Kong-based Datang International, and Sino Thai Resources Development. Italian-Thai Power and Energy controls the largest stake of 30 percent. SET-listed power companies EGCO and Ratchaburi Electricity Generating hold 20 percent each.

China’s Datang owns 15 percent. EGAT International, a newly established investment arm of the Electricity Generating Authority of Thailand, holds 8 percent and Sino Thai holds 7 percent. The developers are offering EGAT a cheaper price for its electricity than Thai coal-fired power plants and Laos’s Hongsa Lignite, although no power purchase agreement has been signed nor is the project included in Thailand’s current power development plan. ABN Amro has conducted a financial feasibility study of the project, while Team Consulting of Thailand provided environmental management studies. Coal is expected to come from Indonesia.