Running Out of ‘Energy’

Running Out of ‘Energy’

Bangkok Post has reported that contractors at The Energy, a condominium project in Cha-Am,  claim they have not received any payments for many months and are owed 50 million THB, resulting  in them suffering extreme financial difficulties.

Representatives of about 50 contracting companies gathered in front of the seaside condominium construction site on Phetkasem Road, demanding the developer pay them the money they are owed as they have bills and employees to pay.It has been noticeable in recent months that work on site has ground to a halt, including work on the ‘six star’ hotel at the site entrance which remains as an unfinished ‘shell’.

The workers’ lodgings, remain an unsightly and crowded collection of temporary structures alongside the development,but appear to have become almost deserted with reports suggesting that many have returned homes as casualties of the financial impasse. Representatives of the project developer were not present at the meeting. However Thaivisa have described receiving a letter from Chanok Chaisiri,Marketing Director of Baan Rajprasong Public Co., Ltd. The letter says that the company wished to put the record straight. “The problem is that their work (the contractors’) is not of the required quality according to building standards” Chanok added.

The Energy Hua Hin project is a large condominium development spread over 180 Rai.  It is on the coast in the Cha-Am district of Phetchaburi and some 20 kilometres north of Hua Hin. The condo project has 6,500 units valued at over 2.5 billion THB. Near-by residents have described relief at the halt of the construction. Previously noise from machinery at the site being operated into the early hours of the morning, including during the weekend, prompted complaints to local authorities without any respite being achieved. Bangkok Post/Thaivisa