- GHECO-One Co., Ltd. is a 35/65 joint venture in a 660 MW IPP with Glow Energy, a subsidiary of GDF Suez Energy Group to
supply power to Electricity Generating Authority of Thailand (EGAT). The GHECO-One is scheduled to begin at the end of 2011.
- Glow IPP: Hemaraj holds 5% equity in Glow IPP, a 713 MW IPP power project located in Hemaraj Chonburi Industrial Estate in
operation since 2001.
- Houay Ho Hydro Power: Hemaraj holds 12.75% of the Houay Ho hydro power project in the Lao People’s Democratic Republic
through its stake in Houay Ho Thai Company Limited, whose shareholders are Hemaraj and the Glow group. Houay Ho Power
operates a 152 MW hydro power plant in Laos under a 30-year concession from the Laos government.