World

Thailand pumps money into energy projects serving economic growth

Energy Minister of Thailand Supattanapong Punmeechaow is urging officials to speed up the capital spending of 300 billion THB (some 8.9 billion USD) to help restore the COVID-19-ravaged economy.
Thailand pumps money into energy projects serving economic growth ảnh 1A solar power plant in Thailand (Source: Reuters)
Bangkok (VNA) - Energy Minister of Thailand SupattanapongPunmeechaow is urging officials to speed up the capital spending of 300 billionTHB (some 8.9 billion USD) to help restore the COVID-19-ravaged economy.

The budget allocation is scheduled for 2021-2026 to supportenergy projects, ranging from upstream and downstream oil and gas operations topetrochemical and power generation businesses, in both the state and privatesectors. Among the prominent projects are those for renewable energydevelopment, now part of the government's agenda to achieve carbon neutralityby 2050. The Thai Government also plans to spend money on developing electricvehicle infrastructure and modernising the power grid network.

Local officials will continue with the "Energy forAll" renewable scheme, which encourages communities and businesses tojointly invest in power generation facilities using biomass and biogas asfuels.

Kulit Sombatsiri, permanent secretary for energy, said thegovernment will also spend money developing new petrochemical industries whichwill not only depend on oil and gas but also agricultural products over thenext three decades.

This year, Thailand has so far spent almost 97 billion THBduring lockdown periods to aid subsidy programmes to relieve people's livingcosts./.
VNA
#Thailand#energy projects#COVID-19#Energy for All#aid subsidy programmes#vietnam#vietnam news agency#vietnamplus
Follow VietnamPlus

Related News

Thailand sets growth targets for 2023-26

Thailand sets growth targets for 2023-26

The Thai government is targeting economic growth of up to 4.2 percent under its medium-term fiscal policy framework for 2023-26, and plans to maintain a budget deficit to help the fragile economy.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.