Laos, Thailand further cooperation, deepen friendship
Laos and Thailand will target new heights in deepening their relations as they head toward setting up a strategic partnership for growth and sustainable development. The direction of deepening relations and enhancement of bilateral cooperation was agreed on at the Third Lao-Thai Joint Cabinet Retreat (JCR) held in Vientiane yesterday co-chaired by Prime Minister Thongloun […]
Thailand’s PTTEP boosts gas production, reserves with contract wins
Singapore — Thailand’s energy ministry has awarded the renewed production sharing contracts for two major gas fields to PTT Exploration and Production Public Co Ltd, boosting the state-run oil company’s gas production and reserves profile at a time when the country’s output has been flagging. PTTEP’s auction wins for the Erawan and Bongkot natural gas […]
Thai group eyes ASEAN solar plants after first ‘green bond’
BANGKOK — The power generating arm of Thailand’s oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in “green bonds” to raise funds for further investment in its renewable energy business. “We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines,” said Preeyanart Soontornwata, president of […]
Thailand’s first certified climate bond issued
The Asian Development Bank (ADB) will invest 5 billion baht (US$155 million) in the maiden green bonds by B.Grimm Power Public Company of Thailand, representing the first certified climate bonds to be issued in Thailand. These details were announced on December 11. The transaction comprised of two tranches – five years and seven years – […]
ADB invests $155 million in Thai green bonds
The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]
ERC poised to reconfirm Glow ruling
PTT’s Global Power Synergy wants to obtain Engie Group’s Glow Energy Plc, but regulators have turned down the proposal on anti-trust grounds. The Energy Regulatory Commission (ERC) is likely to adhere to its recent resolution to derail a takeover effort made by PTT’s unit Global Power Synergy Plc (GPSC) for Glow Energy Plc. ERC chairman […]
Egat faces competition in bids to operate large power plants
Thailand’s power-generating capacity will be deregulated in the near future, meaning the state-run Electricity Generating Authority of Thailand (Egat) must compete with private firms at auctions for new large power plants, according to the tentative national power development plan (PDP). The latest version of the PDP is envisioned as the long-term development plan for the […]
Power plan ‘a setback for sustainable energy’
ENVIRONMENTAL watchdog Greenpeace has called Thailand’s Power Development Plan 2018 (PDP) “sugar-coated” despite its embrace of more renewable energy, saying it still hinders efforts to reduce greenhouse-gas emissions. The Energy Policy and Planning Office (EPPO), which drafted the PDP, affirmed at public hearings last week that it had removed plans for the Krabi and Thepa […]
