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08 July 2010

Mott MacDonald is Independent Engineer on world’s largest thin-film solar farm

Mott MacDonald’s role as Independent Engineer for one of the world’s largest solar farms in Thailand has reached a key milestone as the project has achieved financial close. Mott MacDonald has successfully supported project financing by a group of Lenders comprising the Asian Development Bank and Thai Commercial banks including Kasikorn Bank, Bangkok Bank and Siam Commercial Bank.

The 73 MW (DC) solar photovoltaic power plant, located in Lopburi Province in central Thailand, will feature the use of over 540,000 high-grade, thin-film solar panels mounted on fixed frames. Natural Energy Development Co. Ltd (a joint venture between CLP Holdings, Diamond Generating Asia and Electricity Generating Public Company) will own the plant and sell electricity to the Electricity Generating Authority of Thailand. The power supply generated by the plant is expected to cut carbon dioxide emissions by approximately 1.3 million tonnes over its projected 25-year operation.

Mott MacDonald reviewed the technical and commercial robustness of the plant design and project contracts to support the financing of the project. The consultancy used its experience with solar PV installations in Thailand, Europe and the Middle East to review and advise on the solar resource, plant design performance and the effective technical structuring of performance guarantees under the project contracts.

Surasak Phanraungwong, Mott MacDonald’s project director commented, “Mott MacDonald, the leading engineering, management and development consultancy was selected specifically for its experience with large scale solar PV installations in Thailand and internationally. 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, and the allocation of risks and responsibilities under project contracts. We are delighted to be associated with this major project for Thailand.”

The total investment in the project is approximately US$250 million and the new plant is due to begin operations by the end of 2011.

Ends

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