Market Report, "Thailand Power Report Q4 2014", published

From: Fast Market Research, Inc.
Published: Fri Oct 03 2014

We are maintaining our short- and long-term forecasts for the Thai power sector this quarter as key factors supporting our forecasts remain in play. We note the Thai government is in the midst of revamping the privileges and regulations for the renewable energy sector, which is in line with our positive outlook for the sector.

We are maintaining our 2014 electricity generation growth forecast for Thailand at 2.9% this quarter as key factors supporting our forecasts remain in play. The largest source of generation growth in the year will come from thermal generation, followed by non-hydropower renewable generation. We are also maintaining our long-term forecasts for the Thai electricity sector this quarter and forecast generation to grow an average of 3.6% per annum between 2014 and 2023. Growth will be primarily driven by non-hydropower renewables generation and coal-fired generation as we see limited scope for growth in gas-fired generation.

Full Report Details at

Key T rends A nd Developments

* The Thai government updated its green energy agenda in March 2012 with the ambitious 'Alternative Energy Development Plan' (2012-2021). The plan states that 25% of total energy consumption will be derived from alternative energy sources and has set targets of 2GW of solar capacity, 1.2GW of wind capacity and 3.63GW of biomass, all by 2021.
* On July 16 the Thai government introduced a Feed-in Tariff (FiT) programme for up to 1,000MW of rooftop and village-based solar projects. These projects will qualify for 25-year power purchase agreements with tariffs as high as THB9.75/kWh.
* Construction on the controversial Xayaburi Dam has restarted, despite opposition from Vietnam and Cambodia. The Thai government also confirmed a power purchase agreement for 95% of the dam's electricity output in January 2012, going against the regional decision-making process.
* The head of Thailand's military junta, General Prayuth Chan-ocha, initiated major reforms in the country's Energy...

The Thailand Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Thailand Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

* Use BMI's independent industry forecasts for Thailand to test other views - a key input for successful budgeting and strategic planning in the power market.

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