Business
Thai Ministry increases Renewable Energy ratio
The cost of electricity generated from renewable energy will be approximately 2.44 baht per unit, which should not affect the general public’s electricity bills.
(NNT) – On the move to reinforce electricity security, the Ministry of Energy has amended its Alternative Energy Development Plan (AEDP) 2018 to comply with the national electricity generating capacity development, increasing the ratio of electricity generation from renewable energy sources to 29,358 megawatts by 2037.
The Department of Alternative Energy Development and Efficiency’s (DEDE) Director General, Yongyut Juntararotai has disclosed that the Alternative Energy Development Plan (AEDP) 2018, which covers operations from 2018 to 2037, is aimed at increasing electricity generation from waste materials utilized in energy plants, from 500 megawatts to 900 megawatts, which will help solve the national issue of excess garbage needing disposal.
Public consultations will be held in August to gather input from all sides, before proposing the project to the National Energy Policy Committee.
The cost of electricity generated from renewable energy will be approximately 2.44 baht per unit, which should not affect the general public’s electricity bills.
According to the latest amendment of the AEDP 2018, electricity generated from renewable energy sources will be introduced into the national power grid, with solar power generating 15,574 megawatts, biomass generating 5,786 megawatts, wind turbines generating 2,989 megawatts, hydroelectric power from domestic generators and from Laos generating 3,000 megawatts, and waste to energy generating 900 megawatts.
These renewable power sources will contribute a total of 29,358 megawatt, or 33 percent of the national electricity generating capacity.
Business
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
Business
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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