The Gulf Energy Development PCL of Thailand plans to develop power plants in Vietnam and Laos to strengthen its business presence in Indochina, local media reported.

A Gulf plant (Source: Thaiembdc.org) 

Ratthaphol Cheunsomchit, deputy chief executive of Gulf, said the firm had submitted its plan to the Vietnamese government for future development of a gas-fired power plant with an initial capacity of 6,000MW.

 It plans to import liquefied natural gas (LNG) as fuel for the project in Vietnam, he said.

 Meanwhile, for Laos, Gulf wants to join hands with a Chinese company to build a hydropower plant and distribute electricity to the state-run Electricity Generating Authority of Thailand. This project is set to have a capacity of 2,500MW, of which Gulf plans to have a 30-35 percent stake.

 Ratthaphol said the final decision on the two plants will be made in 2020, adding that the gas-fired power plant in Vietnam is part of the firm’s plan to become an LNG shipper in Southeast Asia because of rising gas demand.