A newly established company in Bangkok with no previous power industry experience has provisionally secured an agreement with Burma’s Ministry of Electric Power to build the country’s first solar energy plant.
Green Earth (Thailand) Company Limited has signed a memorandum of understanding (MoU) to build a large solar “farm” at Minbu near the capital Naypyidaw. Green Earth said the project would eventually have an electricity-generating capacity of 210 megawatts and cost US $275 million.
The MoU was signed in Bangkok with Deputy Minister for Electric Power Aung Than Oo.
Green Earth Managing Director Supasit Skontanarak was quoted by Bloomberg business news agency as saying the project could be completed inside two years. However, Supasit said his company needed to raise development capital and was looking for joint-venture partners.
Green Earth said it is also in discussions with Burma’s Ministry of Electric Power on an agreement for a second solar-power project, to be sited near Rangoon or Mandalay, which would have a generating capacity of 200 megawatts.
Large solar plants, using sun-absorbing photovoltaic panels laid out in rows, need a lot of land and must be located with access to the electricity transmission grid.
Many of the world’s biggest solar-panel manufacturers are in China.
Bangkok allows five types of venues to reopen
The Bangkok Metropolitan Administration (BMA) has announced the latest Order of the Temporary Closure of Premises (No. 32), allowing the following five types of venues in Bangkok to reopen from 14 June, 2021.
The Bangkok Metropolitan Administration (BMA) has announced the latest Order of the Temporary Closure of Premises (No. 32), allowing the following five types of venues in Bangkok to reopen from 14 June 2021.(more…)
Thai economy in the pandemic era: can it ever be the same?
What is the way forward for Thailand, and how strong is the case for a radical overhaul of economic and development policies?
Forecasts for Thai economic growth this year have been widely slashed to less than 2%, some much lower, reflecting growing gloom about the trajectory of an economy battling the third wave of COVID-19 and resulting lockdowns and social distancing measures.(more…)
Subscribe via Email
Fitch Affirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Fitch forecasts Thailand's tourism-dependent economy will recover only modestly, by 1.8% in 2021 after a sharp 6.1% contraction in 2020.
One-stop SME information portal connecting ASEAN businesses and beyond
The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal...
Novo Nordisk certified as one of the Best Places to Work in Thailand
Novo Nordisk Thailand certified as one of the Best Places to Work. An exclusive interview with John Dawber, Vice President...
ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement
The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the...
Download 1xBet app and play all over the world
Whereas Singapore and The Philippines have lax gambling laws, Thailand has some of the strictest gambling laws in Southeast Asia....