November 20, 2017

DNV GL signs Memorandum of Understanding with Electricity Generating Authority of Thailand

March 20, 2017

DNV GL, the world's largest resource of independent energy experts and certification body, signed a Memorandum of Understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) at the EGAT Headquarters in Nonthaburi, Thailand yesterday (3/7) afternoon. The MoU was signed by Mathias Steck, Executive Vice President Asia Pacific, DNV GL - Energy and Suthon Boonprasong, Deputy Governor of Transmission Systems, EGAT.

DNV GL, with its knowledge and global experience in the various fields of energy asset management and grid integration, will lend its expertise to EGAT as its a preferred technical advisor to harness quality, promote technology and give EGAT a competitive edge. The expertise will consist of exploring new technologies in transmission systems, smart asset management and disruptive technologies for the energy industry which will propel EGAT to a market leading position in the highly competitive Thai utilities sector and be one of the best in the region.

EGAT looks to DNV GL as a valued partner in their journey to digitalization and future proofing their existing asset. In his address Suthon Boonprasong, Deputy Governor of Transmission Systems, EGAT expressed, "I am glad for EGAT to collaborate with technologically advanced company, DNV GL. With their dedication to making the world safer, smarter and greener, this MoU will facilitate technical collaborations and knowledge sharing while also considering environmental trends and issues."

Mathias Steck, Executive Vice President Asia Pacific, DNV GL - Energy comments, "We are delighted to collaborate with EGAT, an established partner in Thailand. This strategic collaboration enables DNV GL to better support Thai industries and businesses and deliver exceptional value to our clients." The second-largest economy in Southeast Asia after Indonesia, Thailand faces electricity security challenges that will require sustained efforts to diversify the power sector's fuel sources. Natural gas currently generates two-thirds of the country's electricity, but domestic gas resources are set to begin depleting rapidly and almost all imports come from a single country, Myanmar, leaving Thailand vulnerable to supply disruptions.

Thailand's 2015 Power Development Plan sets a timetable for developing new generation to meet growing electricity demand. The share of gas-fired generation is projected to fall to 37% of electricity in 2036.  To offset this decline, coal's share is expected to increase from 20% to 23%, renewables will double to 20% and hydropower will rise from 8% to 10%. The plan is consistent with Thailand's pledge to the COP21 UN climate negotiations in Paris to reduce power-related carbon dioxide emissions by 20% compared with "business as usual" by 2030. (Source: IEA press release 7 April 2016)


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