National
Electricity Generating Authority of Thailand (EGAT) to renovate power plants
BANGKOK, 1 May 2019 (NNT) – The Electricity Generating Authority of Thailand (EGAT) is planned to renovate existing power plants for better flexibility
And to support electricity generation from renewable energy, while the peak electricity usage this summer season is expected to increase no more than 500 megawatt.
EGAT’s Governor Viboon Rerksirathai has said on the occasion of EGAT’s 50th anniversary that the EGAT will continue to maintain and develop the country’s energy security in the future in keeping with consumers’ changing demands with more renewable energy introduced to the power grid, and to improve flexibility of power plants to be able to produce more electricity to substitute those provided from renewable energy in case of outage.
The renovations will start at Wang Noi Power Plant costing 160 million baht budget and is expected to complete in 2020.
The renovations are also further planned for Phra Nakhon Nuea and Chana power plants.
EGAT has also developed power storage systems in forms of Pumped Storage Hydro Plant and large scale batteries at Bamnet Narong Electricity Station in Chaiyaphum, and Chaibadan Electricity Station in Lopburi, equipped with power management, usage prediction, and generation control from renewable energy systems.
Thailand’s highest electricity usage this year has so far been recorded on 24 April 2019 at 30,120 megawatt due to hot climate. It is expected the number may increase by 500 megawatt, reaching up to 30,500 megawatt this summer.
Banking
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.
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Economics
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.
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