The initial project of AMATA POWER LIMITED, Amata-EGCO Power Limited
(AEP), was established as a joint venture with Electricity Generating
PCL. (EGCO) in late 1995. AEP's goal was to develop a 165 MW co-generation
power plant under the Small Power Producer (SPP) program at the
Amata Nakorn Industrial Estate. The construction of the combined
cycle portion was completed in July 1998.
The grand opening ceremony of Amata-EGCO Combined Cycle Power Plant was graciously presided by HRH Princess Maha Chakri Sirindhorn on September 27, 1999.
AEP is the first Thai Small Power Producer project to be financed on a limited resource basis without any guarantees from other local banks.
This is the first Thai small power producer project
to be financed on a limited recourse basis, without any guarantees
from other local banks that would normally have to be furnished
by the borrower.