Increased opportunities for investment in gas-fired cogeneration and solar rooftop power plants
Bangkok – WHA Utilities & Power Public Company Limited (WHAUP) emphasizes its leadership in providing utilities and power services in industrial estates with its new partnership with the Provincial Electricity Authority (PEA). Together, the parties will study and implement the pilot project under Smart Energy concept including Smart Microgrid, Peer-to-Peer Energy Trading, Energy Storage and other innovative energy solutions in WHA Group industrial estates,
WHA Utilities & Power Plc or “WHAUP”, the provider of integrated utilities in industrial estates such as raw water, industrial water and wastewater treatment solutions, and the operator of electricity and steam generation and distribution as well as natural gas distribution business, has recently signed a memorandum of understanding (MoU) with the Provincial Electricity Authority (PEA) to jointly study and implement the Smart Energy initiatives such as Smart Microgrid, Peer-to-Peer energy trading, Net Metering and Energy Storage within WHA Group’s Industrial Estates. Both parties also aim to participate in the next Energy Regulatory Commission Sandbox (ERC Sandbox) program.
Mr. Niphon Bundechanan, Deputy CEO of WHAUP, revealed that this year the company has set its strategic direction towards the development of innovative energy solutions for industrial estates, both electricity generation and energy management. Our initiatives will correspond with the recent disruptive trends in Distributed Energy Resources (DER) and Renewable Energy which not only save overall cost and provide better energy stability for industrial users but also expand our investment portfolio to include Gas-fired Cogeneration Power Plant, more Solar Rooftop and new Energy Storage System.Based on our extensive experience in power business covering the development and investment in several types of power plants both conventional fuel such as natural gas, coal, hydropower and renewable energy such as solar and industrial-waste-to-energy, WHAUP is ready to invest and implement this innovative energy project. According to our business strategy, for 2020, our aggregate operating electricity generation capacity is expected to reach 591 MW (equity portion). We are confident in the success of this project given our large industrial customer base and strong partnership with PEA. With advanced technology and innovative energy solutions that we offer, the electricity cost of our customers can be greatly reduced. Our project will also contribute to the regional energy security and stability in response to the growing electricity demand in Eastern Economic Corridor (EEC) which is a special economic zone aiming to promote new target industries by Thai government. The scalability of this pilot project to cover a wider area will ultimately enhance the country’s competitiveness in the long term.