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Egco ready to fill power supply gap, if Krabi coal plant fails

Legacy Phuket Gazette

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Egco ready to fill power supply gap, if Krabi coal plant fails | The Thaiger

KRABI: Electricity Generating (Egco) is well positioned to take part in the bidding for new power plants if the government’s coal-fired power projects fail to get off the ground, says its outgoing president.

Sahust Pratuknukul said that if the Electricity Generating Authority of Thailand (Egat) was unable to proceed with its Krabi and Thepha coal-fired projects in the South, Egco had power plants that could easily expand to fill the supply gap. These include the BLCP coal-fired power station in Rayong, in which Egco has a 50-per-cent stake, and its wholly owned Rayong and Khanom gas-fired plants.

Egat’s coal-fired power projects have faced strong protests from non-governmental organizations and environmentalists.

Mr Sahust, who will retire next week, said Egco’s future growth had been assured by seven new power projects it will construct and develop over the next five years. Thanks to the nature of its industry with power purchase contracts signed for long-term periods, Egco has little market risk, even with the current economic fluctuations.

Mr Sahust said his successor, Chanin Chaonirattisai, only had to make sure these seven committed projects come up as planned.

“But he could also find more projects to accelerate the growth. I believe he could find the eighth and the ninth projects,” he said.

Mr Chanin was previously at Egat as deputy governor for policy and planning and head of the power system control center that supervises power purchase agreements with private power producers, Mr Sahust said.

According to a stock research note issued by KK Trade Securities on August 26, Egco’s expansion plan is the most outstanding and clearest among its peers. The stock brokerage house forecasts that Egco will grow its profit by an average of 8 per cent per year during the next five years (2015-2019). Egco’s power plants’ capacity is poised to increase to 5,488 megawatts by 2020, up 25 per cent from the present.

Mr Sahust said the government could revise its power development plan (PDP) next year if the economy improves and renewable power projects that constitute a large share of the current PDP do not come up as expected.

“There are enormous amounts of renewable power in the PDP, and there remains a high uncertainty whether they could really take off. If that is the case, there will be a power-supply gap to fill in the next seven or eight years,” he said.

BLCP has started the Environmental Health Impact Assessment (EHIA) process and is studying the investment structure for its 1,000MW expansion project, which could be implemented soon if the government decides to issue a new bidding round for independent power producers (IPPs), he said.

Egco is expected to book a similar profit this year as last year, excluding some possible upside gains. The company is exploring new investment opportunities in various countries including Myanmar, Laos, the Philippines, Indonesia, and Papua New Guinea,

Egco is the first IPP in Thailand. Listed on the Stock Exchange of Thailand, it is owned 25.41 per cent by Egat.

— The Nation

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Hua Hin

Southern Thailand braces for rough weather and rain

May Taylor

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Southern Thailand braces for rough weather and rain | The Thaiger

The Thailand Meteorological Department issued a weather warning for southern Thailand with torrential rain forecast to hit the region throughout the weekend. The heavy monsoon over the Gulf of Thailand and south of the country is being blamed for the rough weather, with the TMD predicting flash flooding in many areas.

(Phuket, Hat Yai and Hua Hin’s forecast below)

“Waves are expected to reach 2 metres in height in the lower Gulf of Thailand and possibly higher at the height of the storm. Ships are advised to proceed with caution.”

For the north and northeast of Thailand, the TMD forecasts strong winds and cooler mornings as the arrival of the “winter” season, coupled with a moderate high-pressure system, causes temperatures to dip.

Hua Hin’s five day forecast

Southern Thailand braces for rough weather and rain | News by The Thaiger

Phuket’s five day forecast

Southern Thailand braces for rough weather and rain | News by The Thaiger

Hat Yai’s five day forecast

Southern Thailand braces for rough weather and rain | News by The Thaiger

SOURCE: The Nation | weather.com

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Crime

Now you see him, now you don’t… Patong Police hunt foreigner over $30k theft

Greeley Pulitzer

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Now you see him, now you don’t… Patong Police hunt foreigner over $30k theft | The Thaiger

PHOTO: Patong Police

Patong Police have yet to develop any tangible leads tracking down a foreigner who made off with US$30,000 in cash from a currency exchange booth in Kalim, north of Patong in Phuket, last Tuesday.

The man is about 168 centimetres tall with grey hair and around 60 years old, Patong police told The Phuket News.

“We have no clue what nationality he is.”

He was last seen at the currency exchange booth wearing a purple polo shirt, blue jeans and black cap. Police have checked hotels in the area, police stations across the island and Phuket Immigration, but have yet to join the dots and come up with firm leads.

“Investigators have checked CCTV in the area and collected what evidence we have but we still do not know the man’s name or where he was staying.”

The man had visited the booth several times before Tuesday, when he disappeared with the $30,000 in US banknotes, according to police.

“It was always small amounts”, he added, noting that the amounts didn’t warrant staff at the exchange booth to check the man’s passport before making the exchange.

The man arrived at the booth again at about 1pm on Tuesday, saying that he had 900,000 baht cash to exchange.

SOURCE: The Phuket News

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Crime

Mystery surrounds security guard found dead in his Phuket room

The Thaiger

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Mystery surrounds security guard found dead in his Phuket room | The Thaiger

PHOTOS: Phuket Hot News

The security guard of a hotel in Nai Yang, northern Phuket, 52 year old Yingyot Butsabong, from Maha Sarakham province, was found dead yesterday (October 16) in his room. Police remain mystified how the man came to grief.

A woman named Supattra received a call from the hotel he worked at and was informed that he didn’t show up at work yesterday, so she went to his apartment to check on him.

She saw that his room was locked from the inside, so used the key she had in her possession to open the room and found Yingyot laying on the floor, face down. She thought he was just sleeping so she tried to wake him up but once she flipped him, she found that he already passed away.

She immediately called Saku police, and once on the scene, police found that there was some blood on the floor. The man had a 2 centimetre wound on his left eyebrow which was deep into his skull. There was also a wound on his chin about 1 centimetre long and about a centimetre deep. His left eye had a bruise which looked like he was attacked by a hard object.

Police report that he had been dead for around four hours in the room.

The room was not ransacked and there was no sign of fighting or theft. His body has been sent to Thalang Hospital for a detailed autopsy and to look into the cause of death.

SOURCE: Phuket Hot News

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