Thailand approves US$643 mln in investment for 13 projects

[webfact]

Thailand approves $643 mln in investment for 13 projects

BANGKOK: -- Dec 26 (Reuters) - Thailand's investment agency said on Thursday it has approved applications for 13 projects worth 21.15 billion baht ($643 million), many involving renewable energy and power plants, as the pace of investment recovers after political turmoil early in the year.

The latest approvals bring this year's total to 766.2 billion baht ($23.30 billion), from 1 trillion baht in applications, the Board of Investment said. Total applications for the year are forecast to reach 1.3 trillion baht, up from last year's 1 trillion.

The latest batch of approvals includes a 2.91 billion baht investment by Mazda Motor Corp to boost production of fuel-efficient automotive transmissions, Hirunya Suchinai, the board's secretary-general, said in statement after a meeting chaired by junta leader Prime Minister Prayuth Chan-Ocha.

Full story: http://www.reuters.com/article/2014/12/25/thailand-economy-investment-idUSL3N0U91WF20141225


-- Reuters 2014-12-26

[chainarong]

Renewable energy is the way to go , so they are welcome to invest anywhere , good luck in Thailand.

[rickirs]

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Renewable energy is the way to go , so they are welcome to invest anywhere , good luck in Thailand.

And includes "power plants." I believe that refers to the seven coal-fired powerplants being proposed.

[rakman]

Renewable energy is the way to go , so they are welcome to invest anywhere , good luck in Thailand.

Google's RE<C operation which tried to make Renewable Energy cost less than Coal, has been disbanded and the VP in charge has been laid off.

The reason:

It doesn't work. Not for the foreseeable future at least.

Coal is cheap and best for electrical generation. For all those PV, Solar Thermal and Wind experiments, a hot standby power plant is necessary, unless you like brownouts and blackouts.

[Ozziepat]

The global economy depends on oil, natural gas and coal and will for decades. Foot-stamping tantrums, "I want green energy RIGHT NOW!" won't change that. And OBTW, next up in terms of feasible energy sources are fission (easily available now) and, if the world is very very fortunate, fusion, the ultimate renewable. Forget everything else: just children playing with expensive, pretty toys while protesting reality.