The Provincial Electricity Authority (PEA), a state power distribution arm, plans to allocate capital spending worth 253 billion baht for a range of projects from smart meters to electric vehicles (EVs) over the next 10 years to help the government achieve its carbon neutrality target in 2050.
During the 26th UN Climate Change Conference in Glasgow late last year Prime Minister Prayut Chan-o-cha pledged Thailand will step up efforts to strike a balance between carbon dioxide emissions and absorption by 2050.
PEA projects include a demand response and energy management system (44 billion baht), a micro-grid and prosumer project (20.6 billion baht), energy storage system (103 billion baht), EV charging infrastructure (2.8 billion baht) and grid modernisation (82.5 billion baht).
The first tranche of the budget worth 8 billion baht was already approved by the Office…
