Under the project, undertaken by a joint venture of trading company Mitsui & Co. and a Thai power producer, two gas turbine combined cycle power plants will be constructed near Bangkok.
The plants have a combined capacity of 5,300 megawatts, marking the largest-ever order for Mitsubishi Hitachi Power in terms of output capacity. The project is estimated to cost well over 100 billion yen ($918
Combined-cycle facilities generate electricity via gas turbines, then use exhaust heat to create steam for turning a turbine that generates more electricity. In a new twist on the technology that improves efficiency, Mitsubishi Hitachi Power’s facilities will employ air-cooled combustion chambers.
The order includes eight gas turbines with a capacity to produce about 700MW, and eight steam turbines. The facilities will boast a power generation efficiency of 63%, among the highest in the world. Mitsubishi Hitachi Power credits the strong environmental performance as a main factor in securing the deal.
7 million jobs at risk in post-Covid-19 Thailand
Covid-19 shutdowns could have drastic effects for Thailand’s workers : as much as 7 million jobs are at risk by the month of June.
Governments most exposed to coronavirus have strong fiscal and external buffers
Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.(more…)
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.(more…)
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