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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.

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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.

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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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