BANGKOK, 27 June 2015 – Prime Minister General Prayut Chan-o-cha has affirmed the government’s commitment to develop alternative energy and reduce import dependence.
The pledge was made during his weekly broadcast program ‘Return happiness to the people’, during which he told the public that Thailand possesses many untapped energy sources waiting for exploration. He said laws will be updated to facilitate the move.
General Prayut expressed his concern over the nation’s reliance on natural gas and fuel oil as the country’s main energy sources, saying at the moment the government spends a massive amount of budget on energy imports to satisfy high demand from both transportation and household consumption.
Currently Thailand uses gas and oil in 70 percent of the Kingdom’s electricity generation.
He stressed Thailand would need to keep a balanced approach to the production of each kind of alternative energy, otherwise it would negatively affect investment in the future.