Egat reviews its investments in line with Covid-19 fallout

By THE NATION

 

File photo

 

The Electricity Generating Authority of Thailand (Egat) has decided to review its investment plans due to the decline in demand for electricity in the industrial sector amid the Covid-19 outbreak.

 

Patana Sangsriroujana, Egat's deputy governor for strategy, said the contagion has brought down the commercial demand for electricity by 10 percent, even though demand for household electricity has risen due to people having to work from home. The biggest decline in electricity consumption is in the manufacturing and business sectors.

 

He said the agency will also look into new investment scenarios in importing liquified natural gas from now until 2022 and building large power plants.

 

Egat will also see if the economic recovery takes the “V” shape or the “U” shape. If it recovers immediately, as in a V, then the agency will not have to put off investment in large plants. However, if the economy recovers slowly, as in a “U”, it will have to delay the construction of plants that have yet to secure power-purchase plans.

 

Source: https://www.nationthailand.com/business/30387534

 

-- © Copyright The Nation Thailand 2020-05-11

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

5 hours ago, webfact said:

Egat will also see if the economic recovery takes the “V” shape or the “U” shape. If it recovers immediately, as in a V, then the agency will not have to put off investment in large plants. However, if the economy recovers slowly, as in a “U”, it will have to delay the construction of plants that have yet to secure power-purchase plans.

I get edgy when I don't see a "plan B" 

The curve will be like a hockey stick at the best, it will not be a quick recovery for

most countries. I think it will be a tough year for the USA, at least parts of that

country. Europe will have good and bad months, and the cautious countries

will likely fare the best. Good luck people, we will all need it.

Geezer