, Thailand
205 views

Thailand to turn to renewable energy amidst gas supply challenges

This is to ensure security in electricity supply in the country.

Thailand is seen turning to its renewable energy sector for a steady electricity supply as its natural gas power sector faces supply challenges amidst political and civil unrest in Myanmar. 

Thailand is heavily reliant on natural gas as it accounts for 63% of its generation mix, which it imports mainly from Myanmar. The country, however, faces supply strains as the domestic situation drove out businesses, such as oil giant Total.

“Thailand has been a strong performer of renewables growth in Asia, supported heavily by its solar, and biomass and waste-to-energy power sectors,” the report read in part.

“We expect this trend to continue, with upward pressures from the developments in the gas power sector, as Thailand will seek to ensure electricity supply security.”

The Thai government has also looked at importing electricity from Laos hydropower dams to serve an increasing power demand. 

Citing a March 2022 Bangkok Post report, Fitch noted that developers and operators of four hydropower dams in Laos are already in discussions with Thailand’s energy policymakers to sign electricity import deals in May 2022. 

The power purchase agreement is seen boosting electricity imports to 10.5 gigawatts from 9.0GW. 

“As a result, we also expect upside risks to our net imports forecast for Thailand, which is already elevated,” Fitch said.

 

Follow the links for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!