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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.

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(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.

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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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