Pöyry and AWR Lloyd to conduct new study on future of Thailand’s power industry
Pöyry and AWR Lloyd will commence a new multi-client study to provide insight into the threats and opportunities related to the power industry in Thailand.
Scheduled to begin by September this year, the study is expected to produce final results by December.
Entitled 'Running on Empty', the study will provide information on the potential risks that could emerge from the country’s increasing dependency on liquefied natural gas (LNG).
Thailand’s current national power development plan includes a transition to LNG dependency. However, a detailed field-based natural gas supply and demand model shows that the country might face greater risks than anticipated.
Running on Empty will also help to form a regulatory framework for Thailand's energy sector.
Pöyry will use its BID3 electricity market model to deliver insights into the impacts of the ongoing energy trends on stakeholders.
Pöyry noted that constant decline in energy technology costs, a growing commercial track record, and the risk of higher imported LNG costs make renewable energy, power storage, and electric vehicles increasingly viable.
The partnership is currently inviting industry stakeholders to join the study as both regular subscribers and steering committee members.
Image: A power plant. Photo: courtesy of kishjar?/ Flickr.