FDI to start recovering next year in hotel, tourism sectors
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published : 2 Jul 2021 at 07:11
1 Bangkok’s Silom Road is unusually quiet without tourists. The Covid-19 pandemic delays new investments in tourism-related sectors. (Photo: Somchai Poomlard)
Thailand s foreign direct investment (FDI) is expected to recover next year, especially for hotels, tourism and other sectors such as electronics and wafer fabrication for which the Board of Investment has offered attractive tax breaks.
Speaking at an online seminar Key Findings Of UNCTAD World Investment Report 2021: Post-Covid Challenges In Asia-Pacific , Manu Sithiprasasana, executive director of the International Institute for Trade and Development, said Thailand s FDI inflows are expected to fall to their lowest level this year because of the severe impact of the pandemic before starting to recover in 2022.
Egat eyes solar output hike
Firm targets 5GW via nine floating farms
published : 30 Jun 2021 at 04:00 Egat s floating solar farm, with a capacity of 45 megawatts, is on a reservoir at Sirindhorn Dam in Ubon Ratchathani province.
State-run Electricity Generating Authority of Thailand (Egat) plans to increase power generation capacity of its floating solar farms to 5 gigawatts to enhance electricity generation at its hydroelectric power plants nationwide, according to Egat governor Boonyanit Wongrukmit.
He said new capacity will be added to the 2.725GW for its nine existing floating solar farm projects.
The first unit, with capacity of 45 megawatts, is being built at Sirindhorn Dam in Ubon Ratchathani. It is expected to start operation in September this year.
Luang Prabang is facing risks, including of more severe earthquakes, as the Lao government plans to build a large dam just 25km upstream. Pongpet Mekloy
The Lao government is intent on building a dam on the Mekong just upstream of the country s old royal capital. Despite the project having undergone design work, environmental impact assessment and a prior consultation process managed by the Mekong River Commission (MRC), no impact assessment on heritage site has been carried out to date despite requests by Unesco s World Heritage Centre dating back as far as 2012 that the Lao government should do so. Ahead of next month s World Heritage Committee meeting in China, Unesco has asked that the no construction work go ahead on the dam until a full heritage assessment has been completed.
Black & Veatch further expands power transmission team to support Southeast Asia’s sustainability goals
5 hours ago 5 hours ago
ANTARA/Business Wire
Appointment of business director Jerin Raj will help to advance the region’s renewable energy integration, grid reliability targets
Bangkok (Antara/Business Wire)- As the need for integrated power generation, transmission and distribution solutions grows across Asia, Black & Veatch has further strengthened its power transmission and distribution team with the appointment of Jerin Raj as its Asia Power Transmission & Distribution Business Director.
“With the share of renewable energy in Southeast Asia’s power generation mix increasing, the region will need more integrated power solutions to improve grid efficiencies and resilience. One critical step will be to expand its transmission and distribution networks. Jerin’s deep knowledge of the regional power transmission sector will further enable Black & Veatch to help cli
BCP forges pact to create Carbon Markets Club
published : 29 Jun 2021 at 04:00
Mr Chaiwat said the alliance members also got together to provide financial support to renewable energy development.
In the market, the amount of greenhouse reduction, known as carbon credits, generated by environmental projects can be traded so companies can offset the carbon dioxide they release into the atmosphere.
The 11 firms signed a memorandum of understanding yesterday to brace for stricter trade rules in the post-pandemic period when European countries may, under the European Green Deal, impose a non-tariff barrier on Thai exports from factories that emit high levels of carbon emissions.