The Rising of Thailand’s Industrial Sector

If you have ever been to Thailand you already know how advanced its infrastructure is. They continuously try to implement new strategies and high-end technology to improve the infrastructure. Like, suppose Thailand’s electricity industry development has set a goal to reach a greater efficiency. Their aim is to ensure optimization of energy resources and minimization of environmental impacts while reaching the goal of attaining sustainable energy development. However, while attempting to do so, the industry will need to adjust to the economic and social changes alongside national energy policies or strategies.

Since Thailand is hugely dependent on its energy imports, the kingdom has identified the need to develop its new energy sources, domestically and regionally. It is believed that through collaboration with the neighboring countries and promoting energy use this could be achieved. The new Thailand Power Development Plan focuses on energy security, maintaining a proper power generation cost and reducing carbon dioxide intensity.

Similarly, Power Demand Forecast was calculated on the average long-term GDP growth in between the year 2014-2036 by NESDB. It is likely that Thailand’s Power Demand Forecast will grow 2.676% yearly from 2014 to 2036.

Additionally, Thailand Energy Policies were also formulated based on the frameworks approved by the NEPC in 2014.  Hence, the timeframe of the power development plan in Thailand, the Energy Efficiency Development Plan, and the Alternative Energy Development Plan was accorded with the Social Development and the National Economic Plan. The Ministry of Energy actually intended to fit in 5 integration plans that are:

• AEDP
• EEDP
• Natural Gas Supply Plan
• PDP2015
• Petroleum Management Plan to systemize Thailand’s energy management

In fact, renewable energy schemes were blueprinted to strengthen the community and lessen the dependence on the fossil fuels while addressing the social problems like municipal solid and agricultural waste. Simultaneously, the plan aims at encouraging biomass, biogas power generation and waste. Based upon the plan, the power generation potentiality from waste would be somewhere 500 MW, whereas the power generation potentiality from biomass would be 2,500 MV.