The Independent Power Producer (IPP) was selected by the Electricity Generating Authority of Thailand. It is a 350 MW combined cycle power plant located in Bang Bo District, Samut Prakan Province. It is operated by Eastern Power and Electric Company Limited, in which GMS Power Public Company Limited holds 32% shares, together with the following co-investors:

Marubeni Corporation holds 28% shares (presently transferred to a subsidiary called Axia Power Holdings B.V.). Total Gas and Power Thailand S.A. (TOTAL), the world’s top 5 power company from France, holds 28% shares. China Development Industrial Bank Inc., a leading Taiwanese industrial bank, holds 12% shares. Bang Bo Power Plant underwent testing and came into operation for commercial power production in 2003.