The State-run Electricity Generating Authority of Thailand (Egat) is planning to reduce the power generation capacity reserve to 15 percent from 40 percent of total capacity, in a move to curb high power costs.
Egat's Khanom power plant in Nakhon Sri Thammarat. (Photo: VNA)
Bangkok (VNA) - TheState-run Electricity Generating Authority of Thailand (Egat) is planning toreduce the power generation capacity reserve to 15 percent from 40 percent oftotal capacity, in a move to curb high power costs.
Decommissioning some power plantsearly, selling electricity to neighbouring countries and using more electricityin agribusiness will be carried out to allow for reductions.
Local media quoted Egat's Governor Viboo🌠nRerksirathai as saying that without these actions, the national power reservewould rise above 40 percent because of lower electricity ✃demand during theeconomic recession. The more energy is stored in thegrid, the more expensive power becomes for users.
The 2018 power development plan (PDP)projects that future electricity demand to grow by between 3-5 percent over thenext decade, but the outbreak of COVID-19, which has led to lockdown measuresworldwide, has made that estimate untenable.
Viboon did not name which plants aretargeted for early decommissioning, saying the decision will depend onselection criteria and discussions with operators.
Without early decommissions, thecountry's power generation capacity will rise from 51,390MW to 54,026MW in2025.
Another option to reduce electricityreserves is sales to Myanmar and Cambodia, said Viboon. This requires upgradingtransmission lines, but it would be worth the investment, he said.
The power surplus can also be usedfor chilling fruit and vegetables to prolong their shelf life before sale, headded.
The Thai eܫconomy has suffered sharp fallin the second quarter of 2020 due to the COVID-19 pandemic. The National Economic and Social Development Councilannounced on August 17 that the country’s GDP dropped by 12.2 percent from ayear ago – the biggest decline since the Asian financial crisis in 1998. Thesecond-quarter unemployment rate was at 1.95 percent, and an additional 1.8million workers may be at risk of losing their jobs./.
More than 2,500 customers of the Dong Nai Power Company in southern Dong Nai province had installed rooftop solar panels with total capacity of nearly 50.9 million kWp as of the end of July.
The Royal Group, Cambodia’s biggest private firm of tycoon Kith Meng, has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 megawatt (mW) coal power plant, according to a government sub-decree.
The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.
Construction of the V1-2 wind power plant - a joint venture between the Truong Thanh Vietnam Group and the Thai-based Sermsang Power Corporation Public Company Limited - kicked off in the Mekong Delta province of Tra Vinh on August 14.
The Ministry of Industry and Trade (MoIT) has issued guidelines for the planning of efficient energy use from 2020 to 2025 at the city and provincial level.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Egat's Khanom power plant in Nakhon Sri Thammarat. (Photo: VNA)
