Bangkok – The first batch of 2,000 tons of palm oil has been delivered to Bangpakong Power Plant in Chachoengsao province.
Following the Cabinet’s resolution to have the Electricity Generating Authority of Thailand (EGAT) absorb the oversupply of oil palm in the domestic market, two thousand tons of crude palm oil were transported to Bangpakong Power Station for electricity generation on Saturday.
EGAT aims to buy 160,000 tons of palm oil from four southern provinces namely Surat Thani, Chumphon, Krabi, and Nakhon Si Thammarat to help raise the crop’s domestic price.
Energy Minister Siri Jirapongphan said under the palm oil support program, farmers will be able to sell their crop at a price of no less than 3 baht per kilogram.
EGAT has modified Bangpakong Thermal Power Plant Unit 3 to support the use of crude palm oil as fuel for power generation with natural gas. The electricity regulator expects the plant to use up to 30,000 tons of palm oil per month.