RATCH-Australia owns a portfolio of power generation assets totalling 815 MW, which consists of ownership or an interest in five thermal power stations and three wind farms. All of our assets are owned on a long term basis.
RATCH-Australia has proven experience in owning and managing OCGT and CCGT power stations with its investments in Kemerton, Townsville and BP Kwinana power stations. Both Kemerton and Townsville power stations are operated and maintained by Transfield Services Limited under a long-term operation and maintenance alliance agreement. Our Kemerton OCGT power station, which is contracted to Verve Energy, has never fallen below 99% availability since commencing operations in 2005 whilst our Townsville CCGT power station has never fallen below an average availability of 97%.
RATCH-Australia understands the needs of government owned corporations, having had many years experience working with government entities such as CS Energy and Verve Energy, who are the off-takers for our assets at Collinsville, Kemerton and BP Kwinana power stations.
RATCH-Australia is 80 per cent owned by a major Thai power generation company, Ratchaburi Electricity Generating Holding PCL (“RATCH”) and 20 per cent owned by the ASX listed engineering services company Transfield Services Limited (“TSE”). TSE will continue to provide O&M to our 100% owned power generation assets.
RATCH is a company incorporated in Thailand that is listed on the Stock Exchange of Thailand with a market capitalisation equivalent to c.$2 billion and S&P credit rating of BBB+. It is a leading Thai power generation company with a total capacity of 4,500 MW with operations principally consisting of a number of thermal and hydro-power plants in Thailand and Laos.
RATCH is focussed on investment in and the development of high quality thermal, hydro, wind and solar generation assets, with a preference towards long-term contracted off-take arrangements. EGAT, a Thai state-owned enterprise, has a 45% interest in RATCH.
Strong Growth Strategy
RATCH-Australia is committed to significantly expand its diversified asset portfolio in Australia with plans to invest in approximately $1 billion of power generation assets within the next three years. RATCH-Australia has as its primary focus to invest in long term contracted assets with highly creditworthy counterparties.