A new gas-fired cogeneration plant in Thailand has come online, its developer has announced.

Independent power producer Gulf Energy’s 130 MW Gulf Tasit 3 (GTS3) plant in Rayong province is located on 40,000 square metres in the Hemaraj Eastern Seaboard Industrial Estate in Pluak Daeng district.  

It is now set to supply 32.8 MWe and 25 tonnes per hour of process steam to industrial users in the area, Gulf Energy said.

The plant is also classified as a small power producer, selling between 10 MW and 90 MW to grid operator Egat.

Gulf Energy president Porntipa Chinvetkitvanit said the firm has “a number of projects currently under development and will begin their commercial operations to meet the demand from both household and industrial sectors, especially from the leading industrial clients who have placed their trust in us.”   

With the addition of the GTS3 plant, the company now operates 13 gas-fired plants and four rooftop solar PV projects with a total installed capacity of 4772 MW, Porntipa added.

The firm reportedly aims to raise $500m through an initial public offering (IPO) later this month.