Gulf SRC Company Limited, a subsidiary of Gulf Energy Development Public Company Limited (GULF) commenced the sale of electricity generated from the Gulf SRC power project’s (GSRC) first unit, with a capacity of 662.50 megawatts, to the Electricity Generating Authority of Thailand (EGAT) on March 31, 2021 under the Independent Power Producer (IPP) scheme. The power project is located in the WHA Eastern Seaboard Industrial Estate 1, Si Racha district, Chonburi province with a total installed power generation capacity of 2,650 megawatts and will supply a contracted power generation capacity of 2,500 megawatts to EGAT pursuant to a 25-year power purchase agreement.

The GSRC power project is one of the IPPs that uses natural gas as source of fuel under Independent Power Development Company Limited (IPD), the operator of two IPP power projects including the GSRC, and GPD, a 2,650-MW power project. The two projects under IPD make up a combined installed power generation capacity of 5,300 megawatts.

GSRC is scheduled to commence commercial operation for units 2-4 in October 2021, March 2022, and October 2022, respectively, while GPD is scheduled to commence commercial operation between 2023-2024.