Thailand to develop clean energy to attract foreign investment

Prime Minister of Thailand Srettha Thavisin has reassured the government’s commitment to developing clean energy to attract foreign investment.
Thailand to develop clean energy to attract foreign investment ảnh 1Illustrative image (Photo: VNA)
Bangkok (VNA) – Prime Minister of Thailand SretthaThavisin has reassured the government’s commitment to developing clean energyto attract foreign investment.

However,during the transition from “brown” (polluting) energy to green energy, the ThaiGovernment will seek other energy sources, including gas, Srettha said while addressingthe Thailand Energy Executive Forum held by the Thailand Energy Academy on February14.

TheGovernment has a long-term plan to develop sustainable energy andinfrastructure, he noted, adding that numerous foreign investors have showntheir interest in the country’s clean energy sector during his trips abroadover the past six months.

ThePM considered Thailand’s 30th ranking in the world on the latest SustainableDevelopment Report (SDR) as proof of its progress in moving to a low-carboneconomy.

Thecountry boasts decade-long experience in clean energy thanks to hydropower damsbuilt over 50 years ago. The dams’ reservoirs also have potential to becomefloating solar farms, he said.
         
Thailand already claimed to have the world’s largest floatingsolar farm, on the Sirindhorn Dam reservoir in Ubon Ratchathani province, and plansto build another 15 similar projects by 2037.

However,the Government will ensure the availability of fossil fuels during thetransition period, especially natural gas, Srettha said.

Headded that he will hold further talks with his Cambodian counterpart Hun Manetfor joint development of untapped reserves in the overlapping claims area in the Gulf of Thailand that is believed to hold oil and gas worth about20 trillion THB (555 billion USD)./.
VNA

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