Search Results for: energy
- Thailand News
Thailand to explore small nuclear reactors for clean energy boost
Energy Ministry officials are set to assess the feasibility of developing small nuclear power plants as part of the updated power development plan (PDP). This initiative aims to increase the use of clean energy and reduce carbon dioxide emissions. The technology under consideration is the small modular reactor (SMR), which can generate up to 300 megawatts per unit (MW), roughly…
- Business News
Energy Absolute’s chairman steps up as CEO amid allegations
Energy Absolute’s board promoted chairman Somchainuk Engtrakul to the roles of director and acting chief executive following allegations of fraud against the former CEO by the stock exchange regulator. The decision by the EA board took effect immediately on Sunday. This move came after former CEO Somphote Ahunai and his deputy Amorn Sapthaweekul resigned on Friday. The resignations followed accusations…
- Business News
Thailand energy, finance, tourism to boost revenue in fiscal 2024
Energy businesses, financial institutions, and tourism are expected to be the primary revenue contributors for the Revenue Department this year, according to its chief. These sectors have shown strong performance and are anticipated to generate significant tax revenues during the first nine months of fiscal 2024 (October 2023 to June 2024). Revenue Department Director-General Kulaya Tantitemit highlighted that while these…
- Environment News
China leads renewable energy efforts with wind and solar power
China is leading the global surge in renewable energy construction, with nearly two-thirds of the world’s large-scale wind and solar projects currently being built within its borders, as indicated by a recent report from Global Energy Monitor (GEM). China is constructing 339 gigawatts (GW) of utility-scale wind and solar power, representing 64% of the global total, according to the US-based…
- Thailand News
Thailand extends diesel price cap amid long-term energy concerns
Efforts by the Thailand government to cap energy prices, and diesel subsidies may appease the public in the short term, but there are growing concerns about the long-term implications on fuel consumption. The extension of the diesel price subsidy, funded by the Oil Fuel Fund, is a recent measure that fixes the retail price at 33 baht per litre until…
- Thailand News
Thailand eyes cleaner energy with new power plan for 2024 to 2037
Thailand’s revised power development plan (PDP) is set to be submitted for approval after a week-long public hearing concluded yesterday, the implementation of the plan by year’s end, will steer the country towards cleaner energy. Central to Thailand’s commitment to reducing carbon dioxide emissions, the PDP is expected to provide a clearer path for the nation. Thailand announced its commitment…
- Thailand News
Thai energy firms question new power plan for carbon neutrality
Thailand’s energy firms expressed concerns that the revised power development plan (PDP) may fall short of the kingdom’s 2050 carbon neutrality goals, highlighting the need for a balanced approach between practicality and optimism. The PDP, which is set to be enforced from 2024 to 2037, aims to promote greater use of renewable energy to reduce carbon dioxide emissions. However, energy…
- Bangkok News
Power move: Energy Ministry to introduce National Energy Plan
The Energy Ministry announced yesterday that it is gearing up to unveil the National Energy Plan 2024 in September. This comprehensive strategy promises to revolutionise Thailand’s energy landscape with the introduction of nuclear plants and a pledge to cap electricity costs at under 4 baht per unit. The Energy Policy and Planning Office (EPPO) revealed that this master plan will…
- Thailand News
Chadchart signs MOU on renewable energy projects in Bangkok
Bangkok has taken a significant step towards becoming a smart city, with the signing of a memorandum of understanding (MOU) between Bangkok Governor Chadchart Sittipunt and Metropolitan Electricity Authority (MEA) Governor Wilas Chaloeysat. The agreement, formalised yesterday, aims to advance smart city development and renewable energy projects in Thailand’s bustling capital. Chadchart stressed the importance of sustainable energy and efficiency,…
- Technology News
Advancements in renewable energy technology
Renewable energy isn’t just a trending buzzword – it’s an essential piece of the puzzle as we strive for a greener tomorrow. Exciting developments in this field are not only shaking up how we think about power but also paving the way for a friendlier relationship with our planet. Cutting-edge technologies are sparking these improvements, playing a major part in…
- Thailand News
Thailand and Italy to strengthen ties in renewable energy
Thailand and Italy will intensify cooperation in renewable energy, sports tourism, medical science, pharmaceuticals, and defence, according to Deputy Government Spokeswoman Radklao Intawong Suwankiri. Prime Minister Srettha Thavisin and his Italian counterpart Giorgia Meloni will discuss these topics to bolster bilateral ties during the premier’s official five-day visit to Italy which started yesterday. Celebrating the 156th anniversary of diplomatic relations,…
- Education
Implementing Solar Energy projects in Thai School curriculums
Get ready for a future where every Thai school isn’t just an educational institution, but also a super cool mini power plant, drinking up the sun’s energy for all their needs. This isn’t just a wild fantasy, folks, it’s a thrilling reality that’s within arm’s reach, thanks to the empowering potential of solar electricity generation. Thailand’s electricity industry is stepping…
- Thailand News
Thai government greenlights energy subsidies and price caps
Subsidies on electricity bills for vulnerable groups and caps on cooking gas and diesel prices have received the green light from the Thai government. The move aimed to alleviate the burden of burgeoning energy costs on the population. Deputy government spokesperson Rudklao Intawong Suwankiri disclosed that diesel prices will now be fixed at 33 baht per litre, from April 20…
- Business News
Gulf Energy signs agreement for 25 solar farms in Thailand
Gulf Energy Development Plc, a leading private power producer, has announced the completion of power purchase agreements for the construction of 25 solar farms with the Electricity Generating Authority of Thailand (Egat). This initiative is expected to aid the government in managing electricity prices, potentially reducing power bills for consumers. The 25-year agreements mark a strategic shift in Thailand’s power…
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Business News
BGRIM to invest US$3.39m in Middle East’s energy market
A dominant player in the power industry, BGRIM disclosed its plans to infiltrate the Middle Eastern clean energy market, with an investment approaching US$3.39 million for a 40% stake in the independent power producer, ThreeEightSix Holdings Ltd. The company’s president, Harald Link, confirmed this strategic investment that focuses on commercial and industrial solar assets within the Gulf Cooperation Council region,…
- Business News
Kasikornbank and SUN group fund Thai solar startup Ion Energy
Kasikornbank’s subsidiary Beacon Venture Capital has collaborated with Indonesia’s Solar United Network (SUN) Group to complete a Series A funding round for Ion Energy, a solar energy startup based in Thailand. The funding round closed at US$3 million. Ion Energy offers affordable, clean energy solutions to both residential and commercial sectors within Thailand. Beacon Venture Capital Managing Director Thanapong Na…
- Thailand News
Thai firms jointly build waste-to-energy power facilities
A strategic alliance has been formed between local power and waste management firms to jointly finance and construct 12 waste-to-energy power facilities and three refuse-derived fuel production plants. This initiative is aimed at bolstering the country’s bio, circular, and green economic strategies. Supawat Khunvoravinij, who is currently serving as the acting managing director of Earth Tech Environment, a waste recycling…
- Business News
Thai govt plan for energy cost surge amid Israel-Iran conflict
Thailand’s Ministry of Commerce issued directives to state bodies to devise strategies to mitigate potential surges in energy costs in the event of an escalation in the Israel-Iran conflict. The directive follows Iran’s missile and drone assault on Israel, a retaliatory move against Israel’s alleged attack on Iran’s consulate in Damascus earlier this month. This marked the first direct attack…
- Thailand News
Koh Larn wind energy project under scrutiny for misuse of funds
The dream of harnessing wind energy to provide a sustainable power source for Koh Larn in Pattaya has sputtered to a halt, amidst allegations that the turbines stand broken and idle due to insufficient funds for repair. The wind turbine project, situated on Khao Nom Sao mountain near Samae Beach, was conceived back in 2006. With a hefty budget of…
- Thailand News
Driving economic growth: Thailand’s quest for clean energy
The call to action resonates through Thailand’s corridors of power as demands surge for the nation to lead the clean energy revolution across the region, igniting economic growth. Burin Adulwattana, the managing director and chief economist at Kasikorn Research Centre (K-Research), underscores the urgency of this endeavour, stressing its pivotal role in ensuring competitive pricing for clean energy within Thailand.…
- Business News
EGCO to utilise Indonesian petrochemical operations for clean energy development
Electricity Generating (EGCO), the power generation subsidiary of the Electricity Generating Authority of Thailand (EGAT), plans to utilise its petrochemical operations in Indonesia to foster clean energy development, with a particular focus on hydrogen fuel. EGCO secured a 30% stake in PT Chandra Daya Investasi (CDI), a division of Indonesia’s largest integrated chemical and infrastructure solution provider, PT Chandra Asri…
- Business News
Thai PM invites Aussie firms to invest in clean energy
During the 2024 ASEAN-Australia Special Summit, Srettha Thavisin, the Prime Minister of Thailand, extended an invitation to prominent Australian companies to invest in Thailand’s electric vehicle (EV) battery, clean energy, and transport logistics sectors. The summit, which marks five decades of Australia’s partnership with ASEAN, is being held in Melbourne, Australia. PM Srettha used this opportunity to meet with his…
- Business News
Energy Absolute CEO runs for top spot in FTI
The race for the top position at the Federation of Thai Industries (FTI) has heated up, as vice-chairman Somphote Ahunai, also the CEO of Energy Absolute, a company specialising in renewable energy and electric vehicles, has thrown his hat into the ring. The FTI, a significant body in Thailand, boasts a membership of over 15,000 nationwide. The current chairman, Kriengkrai…
- Business News
Thachang Green Energy projects major expansion by 2026 with new power plants
Thachang Green Energy (TGE), an operator and developer of biomass power plants listed on the Stock Exchange of Thailand (SET), projects a significant business expansion between 2025 and 2026. This growth is attributed to the additional power generation capacity from imminent power plant projects. While no capacity increment is planned for this year, TGE predicts a revenue surge of over…
- Business News
Thailand recalibrates incentives to boost renewable energy initiative
The Industry Ministry is set to recalibrate incentive packages for organisations as part of the RE100 global renewable energy initiative. This move is intended to allure more investors and facilitate new investment within the nation. RE100, a worldwide initiative comprising hundreds of companies, is committed to 100% renewable energy usage. This aligns with Thailand’s ambitions of reducing carbon dioxide emissions…
- Thailand News
Thai energy regulatory commission sets firm power tariff cap
The Thai Energy Regulatory Commission (ERC) established a firm power tariff cap of 4.18 baht (US$ 0.12) per unit from January to April this year. This move comes despite the ongoing increase in gas prices. The rate for consumers using minimal power is fixed at 3.99 baht, as stated by the government. Rudklao Intawong Suwankiri, the Deputy Government Spokesperson, revealed…
- Thailand News
Ministry of Energy: Exclusive discounts and extended assistance period for NGV prices
The Ministry of Energy, led by Deputy Prime Minister Pirapan Salirathavibhaga, is rolling out an unprecedented lifeline for truck operators, public transport, and taxi drivers grappling with soaring natural gas prices for vehicles (NGV). Pirapan announced the formation of a dedicated working group aimed at tackling the escalating issue of surging NGV prices. The superhero in this saga, PTT Public…
- Business News
Gunkul Engineering targets 25 billion baht to fund renewable energy projects
Gunkul Engineering Plc, a leading renewables developer and construction company, announced intentions to generate 20.8-25 billion baht (US$607 million-730 million) through fundraising. The raised funds are earmarked for the development of 17 renewable energy initiatives, as part of the government’s 5.2-gigawatt renewable scheme. The company’s chief financial officer, Thitipong Techaratanayuenyong, disclosed the plans. In the previous year, Gunkul Engineering participated…
- Thailand News
Thailand’s energy minister initiates major revamp of energy pricing structure
Pirapan Salirathavibhaga, the Deputy Prime Minister and Energy Minister, pledged to initiate a significant revamp of Thailand’s energy pricing structure, beginning with the removal of refined oil import restrictions. His commitment to this overhaul aims to alleviate the current strain of escalating energy costs on the populace. “I will overhaul the entire system to help ease the current burden of…
