The Asian Development Bank (ADB) has signed an agreement to provide a local currency loan of up to B1,807 million (US$ 55 million) and a US$ 30 million from the ADB-administered Clean Technology Fund (CTF) to Chaiyaphum Wind Farm Company Limited to develop a wind power plant in Thailand.
The 81MW power plant, to be situated in Chaiyaphum Province, about 300 kilometers northeast of Bangkok, is being built and operated by Chaiyaphum Wind Farm Company, a special purpose firm 90% owned by Electricity Generating Public Company (EGCO) and 10% by Pro Ventum, an international wind power developer based in Germany. The project is developed as a public-private partnership under Thailand’s small power producer program, with Chaiyaphum Wind Farm Company entering into a power purchase agreement with the state-owned Electricity Generating Authority of Thailand to provide clean electricity to the national grid. The plant is scheduled to go into commercial operation around December 2016.