Business
Mitsubishi Hitachi Power lands Thai power plant order
Mitsubishi Hitachi Power Systems said Friday that it has received an order to supply turbines and other equipment for a natural gas power plant project in Thailand.
Under the project, undertaken by a joint venture of trading company Mitsui & Co. and a Thai power producer, two gas turbine combined cycle power plants will be constructed near Bangkok.
The plants have a combined capacity of 5,300 megawatts, marking the largest-ever order for Mitsubishi Hitachi Power in terms of output capacity. The project is estimated to cost well over 100 billion yen ($918
Mitsubishi Hitachi Power was created in 2014 through the merger of the thermal power generation divisions of Mitsubishi Heavy Industries and Hitachi.
Combined-cycle facilities generate electricity via gas turbines, then use exhaust heat to create steam for turning a turbine that generates more electricity. In a new twist on the technology that improves efficiency, Mitsubishi Hitachi Power’s facilities will employ air-cooled combustion chambers.
The order includes eight gas turbines with a capacity to produce about 700MW, and eight steam turbines. The facilities will boast a power generation efficiency of 63%, among the highest in the world. Mitsubishi Hitachi Power credits the strong environmental performance as a main factor in securing the deal.
Business
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
Business
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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