CGN, RATCH partner on nuclear power plant

China General Nuclear Power Corporation (CGN), a leading Chinese clean energy developer and service provider, officially announced its joint venture with Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) on Phase II of the 2,360-MW Fanchenggang nuclear power plant in the People’s Republic of China.

Guangxi Fangchenggang Nuclear Power (II) Company Limited is a joint entity, where CGN, Guangxi Investment Group Company Limited (GIG), and RATCH jointly hold equity stakes of 51%, 39%, and 10% respectively. The three parties signed a shareholding agreement on December 25, 2015. The joint-venture company will handle development, construction, and operation of the Fangchenggang Nuclear Power Project, Phase II.

In partnership with RATCH, CGN will pursue clean energy development in Thailand, as well as other potential markets.

Mr. Rum Herabat, RATCH Chief Executive Officer, revealed that he is very pleased with the success of the joint venture.

“Partnering with CGN is a great chance for RATCH to learn from CGN’s clean energy expertise. Stakeholders worldwide laud CGN following the completion of its recent mega-project, Phase I of the Fangchenggang nuclear power plant. We look forward to further cooperation in the clean energy business, which is mutually beneficial for both Thailand and China, and we will welcome opportunities with other counties when they arise. According to our renewable and clean energy business plan, we focus on hydropower, solar power, wind power, biomass and refuse-derived energy, as well as nuclear power. We are currently developing several solar farms, wind farms, hydropower and biomass projects, and are conducting feasibility studies. RATCH is firmly committed to strengthening our mutually beneficial and sustainable partnership with CGN,” said Mr. Rum.