Tuesday, September 29, 2020

Egat reviews its investments in line with Covid-19 fallout

May 11. 2020
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By THE NATION

The Electricity Generating Authority of Thailand (Egat) has decided to review its investment plans due to the decline in demand for electricity in the industrial sector amid the Covid-19 outbreak.

Patana Sangsriroujana, Egat's deputy governor for strategy, said the contagion has brought down the commercial demand for electricity by 10 percent, even though demand for household electricity has risen due to people having to work from home. The biggest decline in electricity consumption is in the manufacturing and business sectors.

He said the agency will also look into new investment scenarios in importing liquified natural gas from now until 2022 and building large power plants.

Egat will also see if the economic recovery takes the “V” shape or the “U” shape. If it recovers immediately, as in a V, then the agency will not have to put off investment in large plants. However, if the economy recovers slowly, as in a “U”, it will have to delay the construction of plants that have yet to secure power-purchase plans.

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