Thailand and China will join hands in pursuing energy projects in the Greater Mekong Subregion (GMS) countries to enhance energy security in the region, says Energy Minister Pongsak Raktapongpaisal.
Under a memorandum of understanding (MoU), Thailand’s Energy Ministry and China’s National Energy Administration will jointly study and develop fossil and renewable energy projects across the GMS.
Five MoUs including the energy pact will be signed during Chinese Premier Li Keqiang’s official two-day visit to Thailand ending today.
“Energy demand in the GMS countries has risen sharply thanks to growing tourism and investment. This development will affect energy security in the region over the next several years,” said Mr Pongsak.
The two countries have agreed to cooperate on technology development in the areas of oil and gas, power grids, energy conservation and energy efficiency.
Thailand expressed interest in exchanging the technology and human resource management of nuclear power plants, said Mr Pongsak.
He said after the MoU is signed, the two parties will set up a joint working group to identify potential projects for cooperation.
In June, the Electricity Generating Authority of Thailand (Egat) signed an MoU to buy 3,000 megawatts of electricity from China Southern Power Grid Co (CSG). The pact was developed from the one signed in 1998 for Thailand to buy 3,000 MW.