Thailand's independent power producer Ratchaburi Electricity Generating Holding (RATCH) has acquired a 10% interest in the Phase II of the Fangchenggang nuclear power plant project in the Guangxi Autonomous Region of China; China General Nuclear Power Corporation (CGNPC) and Guangxi Investment Group (GIG) own 61% and 39%, respectively in the project. RATCH will invest Baht 7.5 bn (US$208m) in the Baht 200bn (US$5.5bn) project, regarding to its share portion and dividend income expects to be recorded in 2021, under the 30-year power purchase contract.
The Fangchenggang nuclear power project is a 6,000 MW mega project which is divided into three phases for development. Two CPR-1000 units (1,000 MW net and 1,180 MW gross each) are already under construction on the Fangchenggang site, with unit 1 connected to the grid in late October 2015. The second phase (units 3 and 4) will be based on Hualong One (1,180 MW each) reactors, expected to be commissioned by 2020 and 2021, and units 5 and 6 will be AP1000s (1,100 MW each).
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