(MENAFNEditorial)
We forecast electricity generation in Thailand to grow by 2.8% in 2015 relatively similar to growth in 2014. Meanwhile we have moderated our long-term electricity generation forecasts for the country. This is because Thailand continues to experience challenges in procuring gas supplies and is clearly moving towards increasing its reliance on electricity imports.
We forecast electricity generation in Thailand to grow by 2.8% in 2015. The largest source of growth will be thermal generation followed by non-hydropower renewable generation. Meanwhile we have revised down our long-term forecasts for the Thai electricity sector as the country continues to experience challenges in procuring gas supplies and is clearly moving towards increasing its reliance on electricity imports. We now see electricity generation growing an average of 3.0% per annum between 2015 and 2023 down from 3.8% previously. Growth will be primarily driven by non-hydropower renewable energy generation and coal-fired generation. We see limited scope for expansion in gas-fired generation.
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Key Trends And Developments :
* The Thai government updated its green energy agenda with the ambitious 'Alternative Energy Development Plan' (2012-2021). The plan states that 25% of total energy consumption must be derived from alternative energy sources by 2021. It targets 2 gigawatts (GW) of solar capacity 1.2GW of wind capacity and 3.63GW of biomass capacity within that timeframe.
* In January 2015 the Asian Development Bank agreed to provide as much as USD85mn in financing for Thailand's Chaiyaphum wind project in the country's northeast. The project which is 90% owned by Thai firm Electricity Generating Public Company and 10% owned by German firm Pro Ventum will generate 81MW of electricity and is slated to go online in December 2016. The head of Thailand's military junta General Prayuth Chan-ocha initiated major reforms in the country's Energy Regulatory Commission and appointed a...
Report Table of Contents:
BMI Industry View
SWOT
Industry Forecast
Thailand Snapshot
Table: Country Snapshot: Economic & Demographic Data (Thailand 2013-2018)
Table: Country Snapshot: Economic & Demographic Data (Thailand 2018-2023)
Table: Country Snapshot: Power Sector
Thailand Power Forecast Scenario
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (Thailand 2012-2017)
Table: Total Electricity Generation Data And Forecasts (Thailand 2018-2023)
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2012-2017)
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2018-2023)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Thailand 2012-2017)
Table: Total Electricity Consumption Data And Forecasts (Thailand 2018-2023)
Transmission & Distribution Imports & Exports
Table: Electric Power T&D Losses Data And Forecasts (Thailand 2012-2017)
Table: Electric Power T&D Losses Data And Forecasts (Thailand 2018-2023)
Table: Trade Data And Forecasts (Thailand 2012-2017)
Table: Trade Data And Forecasts (Thailand 2018-2023)
Industry Risk Reward Index
Asia Power Risk/Reward Index
Table: Status Of Applications For Review Of Reactors
Table: Asia Power Risk/Reward Index
Thailand Power Risk/Reward Index
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
Pricing
Thailand Power Projects Database
Table: Thailand Major Projects - Power
Competitive Landscape
Electricity Generating Authority Of Thailand (EGAT)
Glow Energy
CLP/EGCO
Ratchaburi Electricity Generating Holding Public Company Limited (RATCH)
Independent Power (Thailand)
Regional Overview
Asia Power Regional Overview
Table: Status Of Applications for Review of Reactors
Table: Emissions Reduction Targets By Industry
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators
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