Gulf Sriracha IPP: Long tenor, tight pricing and Thai debt

In:

Power

Region:

Asia-Pacific

Ross Crear

Reporter

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Sponsors of the $1.54 billion gas-fired Gulf Sriracha IPP project in Thailand – Gulf Energy Development and Mitsui – have closed a tightly priced DFI/ECA-backed financing to fund the scheme. And the dual-currency deal is set to serve as a blueprint for future IPP financings in the southeast Asian country.