Thailand may house GE solar-cell plant
Thailand could become the home of GE's second thin-film photovoltaic-cell manufacturing plant, thanks to the proliferation of solar-power investment in the Kingdom.
The firm's first manufacturing facility in the US will be completed next year. GE will make a decision on where to invest in the second plant in the same year.
"GE is investing in the second plant outside the US. Thailand could be an interesting location, but it depends," he said.
A slew of solar-power investment projects have been unveiled in Thailand, expected to generate over 200 MW and possibly requiring as much as US$400 million (Bt12 billion) in investment.
Solar power is one of GE's business focuses in Thailand. The global infrastructure provider is now involved with renewable-energy projects worth $700 million.
According to Dean, growing business in a sustainable way has for years been GE's focus, and despite huge investments in research and development, GE has proven that it can grow with good returns. Over the next five years, it has committed to an annual R&D budget of $2 billion, with product highlights including a new generation of batteries, wind turbines and jet engines.
The company currently has a strong financial position, with $9 billion in cash.
He said the company has grown its business by partnering with clients and creating innovative solutions and products to fit customers' requirements. In Thailand, it has collaborated with many clients, including Siam Cement Group (SCG) and PTT's petrochemical and refinery subsidiaries, to provide water-treatment and other services. Dean said GE's equipment has saved Cementhai energy costs of Bt3 billion a year. It also provides power generation for the Electricity Generating Authority of Thailand and Independent Power Producers.
GE has a contract with Thai Airways International to provide an engine that will help the national carrier's aircraft reduce carbon emissions. It has also worked with companies of all sizes, including small power producers and chemical firms, to find ways to reduce both the costs and environmental impact of their operations.
"One party can't do it alone. We need the ecosystem, government policies, supply chain and partnership with customers. There's a lot we can do today and a lot more we can do tomorrow to make the world better," Dean said.
