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08 January 2010

Mott MacDonald’s role as Lender’s Engineer on major solar power plant in Thailand reaches milestone

Mott MacDonald’s role as Lender’s Engineer for KasikornBank public limited company (KBank) on the largest capacity solar photovoltaic (PV) power plant in South East Asia has reached a key milestone with announcement that the project reached financial close this week.

KBank, a leading Thailand commercial bank operating in the power sector, commissioned Mott MacDonald to review the technical and commercial robustness of the plant design and project contracts prior to agreeing to finance the project for sponsor Solar Power Company (SPC) of Thailand.

The six megawatt solar PV power plant, to be located in Korat Province of North-East Thailand, will use 29,160 polycrystalline PV modules each with an installed capacity of 210 watts peak. The power generated will be exported to the 22 kV grid in Thailand operated by the Provincial Electricity Authority (PEA). The project will attract incentives from the Thai government through its adder tariff which was introduced to encourage renewable energy production and which includes solar generated power.

Surasak Phanraungwong, Mott MacDonald’s project director said, “Mott MacDonald, the leading engineering, management and development consultancy was selected by KBank specifically for its experience with similar scale solar PV installations in Europe and the Middle East. In addition Mott MacDonald is the market leader in technical due diligence and has a successful track-record in reviewing and advising on all civil and electrical design as well as solar energy yield performance, the allocation of risks and responsibilities under project contracts. We are delighted to be associated with South East Asia’s first multi-megawatt solar PV park.”

The project design is due for completion in early to mid 2010.

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