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Event Details

The NTCC in collaboration with CanCham Thailand, Chandler MHM, Canadian Ministry of Energy, Belgium-Luxembourg, French, Irish, Norwegian, Singaporean, South African, Swedish, and Joint Foreign Chamber of Commerce in Thailand would like to invite you to attend the insightful luncheon address "Thailand's Updated Power Development Plan: Energy Roadmap to 2037" on Wednesday, March 6 at SO Sofitel Bangkok.


TOPIC OF DISCUSSION

Update to Thailand's Power Development Plan (PDP)


The PDP is part of the government's long-term strategic blueprint for energy development and is generally updated every 3-4 years. Previous revisions have occurred in 2012 and 2015. The PDP outlines government policy priorities, and allows the Energy Regulatory Commission (ERC) and government-owned utilities to implement concrete regulations and development plans.


On January 23, 2019, the National Energy Policy Council (NEPC) approved revisions to the PDP. The revised PDP, which will cover a period from 2018 to 2037, reportedly contains several targets which are likely to raise the interest of private investors. Once approved by the Cabinet, the updated PDP will take effect immediately without any additional formalities, and will be published on the website of the Energy Policy and Planning Office (EPPO).


The PDP presents numerous opportunities for private investors, including:


  • Forecasted growth in renewables. The PDP envisions renewables comprising 20% of the sources of energy feeding the grid by 2037, with an additional 10% of Thailand's total energy supply coming from off-grid renewable sources. New regulations are expected to make private solar installations more attractive, as they will allow the owners of solar installations to sell surplus energy back to the grid. Off-grid installations are also being encouraged for fuel sources other than solar, meaning there will likely be potential for innovators to devise new methods and business models for delivering electricity to consumers.
  • Increased demand for LNG. Thailand's reliance on natural gas as a fuel source for electricity generation will continue to rise over the coming two decades. Already a net-importer, Thailand's natural gas reserves are dwindling quickly, meaning the country will need to rely on LNG from abroad. This will present opportunities for foreign gas producers as well as the developers of infrastructure needed, such as pipelines and LNG receiving terminals.
  • New auctions for independent power producers (IPPs). The government's long-term strategy involves the Electricity Generating Authority of Thailand (EGAT) generating a smaller proportion of the country's electricity. New projects will be put to tender, and IPPs will be invited to enter into long-term power purchase agreements to supply electricity to EGAT. In short, the private sector will be playing a far bigger role in Thailand's electricity market over the next two decades.


KEYNOTE SPEAKER

Dr.Veerapat Kiatfuengfoo, Director of Power Policy Bureau, Ministry of Energy


EVENT DETAILS

Date: Wednesday, March 6 ,2019

Time: 11:30 – 13:30

Venue: SO Sofitel Bangkok (MAP)

Entry Fee:

  • THB 1,200 for members of CanCham Thailand and partner organizations
  • THB 1,600 for non-members

Entry fee includes three-course meal (western set).

Mar 6, 2019

11:30 AM - 1:30 PM

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So Sofitel Bangkok

Ballroom 1, 8th floor

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