Economic conditions in South East Asia are currently performing ahead of Europe and America, with economic growth continuing to grow, leading to growth in the demand for power in many countries in the region.
Thailand’s GDP is predicted to see a 5.6% growth, leading to a 6% growth in peak power
demand between 2012-2016 to 35,600 MW and 44,200 MW by 2021. With current capacity of around 28,500 MW, and despite current energy imports from neighbouring countries, Thailand will see a shortfall in capacity in the next few years.
The Electricity Generating Authority of Thailand generates around 50% of Thailand’s electricity and expects to invest around 100 billion Baht (US$ 3.5 bn) in energy markets in the coming years, as the Ministry of Energy looks to address the energy security issues.
Thailand wants to be a leading country in exporting carbon credits in Asia by promoting study and research on the carbon capture and storage (CCS) technology and enable the country to submit energy projects for certification under the Clean Development Mechanism (CDM), at a total of one million tons CO2 per year.
Despite putting a hold on building nuclear plants for 3 years, whilst a review is undertaken, Thailand is still interested in pursuing this option, with the Ministry of Energy looking to undertake a detailed feasibility study on the development of nuclear power plants, using
relevant IAEA guidelines.
As a net importer of energy, Thailand is central to the region’s power development plans and part of a region undergoing change and a US$100 billion investment in the energy industry and its infrastructure.
If your company supplies products or services to the power generation and transmission and distribution industries in Asia, then POWER-GEN Asia is essential to reaching the key industry professionals and decision makers.
Join us in Bangkok, Thailand in October 2012 and celebrate the 20th Anniversary of POWER-GEN Asia at the annual gathering of power industry professionals.