Andritz and the Electricity Generating Authority of Thailand (EGAT) have signed a memorandum of understanding (MoU) to jointly explore and expand business opportunities for hydropower projects in Thailand and surrounding countries.
EGAT is the state-owned power utility under the Ministry of Energy and is dubbed the “largest” power producer and supplier in Thailand. Owning and operating about 50 power plants across the country, with a total installed capacity of about 16,000MW, the company engages and invests in energy-related businesses, not only in Thailand but also abroad.
Combining the technology experience of Andritz and the operational expertise of EGAT, the partnership comprises expanding the digitalisation of EGAT’s hydropower facilities and developing rehabilitation and also automation projects in Thailand. In addition, the agreement focuses on exploring new, joint business opportunities, including operation and maintenance services in Thailand and the surrounding region.
To cope with Thailand’s economic growth and the associated increase in energy consumption, the government’s power development plan aims to increase the country’s total installed energy capacity from today’s 55,731MW to about 77,210MW by 2037. This goal is to be achieved primarily through the installation of renewable energy facilities, with hydropower playing a critical role not only in generating clean energy but also in providing grid stability services.