Egat eyes power deal with Singapore to offset glut

Published onNovember 19, 2020

Thailand’s energy authority plans to add Singapore to its regional energy grid by 2023, along with Cambodia and Myanmar, said Kulit Sombatsiri, permanent secretary for energy. The move follows the success of a Laos-Thailand-Malaysia deal, in which Thailand buys electricity from hydroelectric power plants in Laos and sells it to Malaysia through transmission lines operated by the state-run Electricity Generating Authority of Thailand (Egat). The plans will be discussed for approval by regional policymakers through teleconference, hosted by Vietnam, next week as part of this year’s Asean Sustainable Energy Week. At the meeting in Bangkok last year Asean energy ministers agreed that Egat could sell 300 megawatts to Malaysia. The deal with Singapore would see Thailand sell 100MW to the city-state. However, even if the agreement is approved, Egat will still need to compete with local power-generating firms under Singapore’s free trade model, said Veerapat Kiatfuengfoo, chief of the Energy Policy and Planning Office’s Power Policy Division. He said Egat can be competitive on price because Thailand’s power rates are generally lower than those in Singapore.

Source: https://www.bangkokpost.com/business/2018791/egat-eyes-power-deal-with-singapore-to-offset-glut