gdpe0787icr- thailand power market outlook …... 2004–april 2015 ... 8.1.1 egat, company overview...

REFERENCE CODE GDPE0787ICR | PUBLICATION DATE JUNE 2015

THAILAND POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS,

AND COMPETITIVE LANDSCAPE

Thailand Power Market Outlook to 2025, Update 2015 – Market Trends, Regulations, and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.

THAILAND POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE

Executive Summary

Thailand’s Power Sector Outlook

Although Thailand is not one of the Four Asian

Tigers, its economic performance during the 2000–

2014 period was nonetheless impressive. Gross

Domestic Product (GDP) – at constant prices –

increased at an average growth rate of XX%

between 2000 and 2007. However, integration with

the global economy has meant rough patches,

such as in 2009 when the GDP declined at a

negative XX%, and in 2011 and 2014 when growth

was very low at XX% and XX% respectively.

Overall, the GDP increased at a Compound Annual

Growth Rate (CAGR) of XX% between 2000 and

2014. Growth has meant an increase in power

consumption, led by the industrial and business

sectors. The increased use of electrical equipment

in the residential sector has also driven power

demand, causing it to mirror GDP trends, as shown

in the following figure.

Power Market, Thailand, Gross Domestic Product ($bn) and Annual Power Consumption (TWh), 2000–2014

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Ann

ual p

ower

con

sum

ptio

n (T

Wh)

GD

P ($

bn)

GDP (constant prices) Annual power consumption Source: GlobalData; IMF, 2015 TWh: Terawatt hour

Annual power consumption stood at XX TWh in

2000, which increased to XX TWh in 2014 at a

CAGR of XX%. Annual power generation also

increased, from XX TWh to XX TWh at a CAGR of

XX%. Most of the additional power generated

came from gas and coal.


Table of Contents


1 Table of Contents

1 Table of Contents ....................................................................................................................... 4

1.1 List of Tables ...................................................................................................................... 7

1.2 List of Figures ..................................................................................................................... 8

2 Introduction ................................................................................................................................. 9

2.1 GlobalData Report Guidance ............................................................................................ 10

3 Thailand, Power Market, Snapshot ........................................................................................... 11

3.1 Thailand, Power Market, Macro-economic Factors ........................................................... 11

3.2 Thailand, Power Market, Supply Security .......................................................................... 13

3.3 Thailand, Power Market, Opportunities ............................................................................. 14

3.4 Thailand, Power Market, Challenges ................................................................................. 14

4 Thailand, Power Market, Market Analysis ................................................................................. 16

4.1 Thailand, Power Market, Supply Structure ........................................................................ 16

4.2 Thailand, Power Market, Key Market Players .................................................................... 16

4.3 Thailand, Power Market, Financial Deals .......................................................................... 17

4.3.1 Deal Volume and Value Analysis, 2004–April 2015 ....................................................... 17

4.3.2 Deals by Type, 2014 ..................................................................................................... 19

4.4 Thailand, Power Market, Demand Structure ...................................................................... 19

4.4.1 Power Consumption by Sector, 2014 ............................................................................ 22

5 Thailand, Power Market, Regulatory Scenario .......................................................................... 23

5.1 Thailand, Power Market, Key Electricity Policies ............................................................... 23

5.1.1 Power Development Plan, 2012–2030 .......................................................................... 23

5.1.2 New Power Development Plan (2015–2036) ................................................................. 24

5.1.3 Sustainable Alternative Energy Development Strategy .................................................. 24

5.2 Energy Efficiency .............................................................................................................. 25

5.3 Small Power Producer and Very Small Power Producer Programs ................................... 25

6 Thailand, Power Market, Capacity and Generation Overview ................................................... 27


Table of Contents


6.1 Thailand, Power Market, Cumulative Installed Capacity by Fuel Type, 2014 ..................... 27

6.2 Thailand, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025 ........................................................................................................................ 28

6.2.1 Cumulative Installed Thermal Power Capacity and Annual Thermal Power Generation, 2000–2025 ................................................................................................................... 31

6.2.2 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000–2025 ............................................................................................................................. 35

6.2.3 Cumulative Installed Renewable Power Capacity and Annual Renewable Power Generation, 2000–2025 ................................................................................................ 39

7 Thailand, Power Market, Transmission and Distribution Overview ............................................ 43

7.1 Thailand, Power Market, Transmission Overview .............................................................. 43

7.2 Thailand, Power Market, Distribution Overview ................................................................. 44

7.3 Thailand, Power Market, Grid Interconnection................................................................... 46

7.3.1 Power Imports and Exports, 2000–2014........................................................................ 46

7.4 Thailand, Power Market, Smart Grid Development ........................................................... 48

8 Thailand, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies ............................................................................................................................... 49

8.1 Key Companies in the Thailand Power Market, EGAT ...................................................... 49

8.1.1 EGAT, Company Overview ........................................................................................... 49

8.1.2 EGAT, Business Description ......................................................................................... 49

8.1.3 EGAT, SWOT Analysis ................................................................................................. 51

8.2 Key Companies in the Thailand Power Market, Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) .................................................................................... 55

8.2.1 RATCH, Company Overview ......................................................................................... 55

8.2.2 RATCH, Business Description ....................................................................................... 55

8.2.3 RATCH, SWOT Analysis ............................................................................................... 56

8.3 Key Companies in the Thailand Power Market, EGCO ..................................................... 60

8.3.1 EGCO, Company Overview ........................................................................................... 60

8.3.2 EGCO, Business Description ........................................................................................ 60


Table of Contents


8.3.3 EGCO, SWOT Analysis ................................................................................................. 61

8.4 Key Companies in the Thailand Power Market, Glow Energy Public Company Ltd ........... 65

8.4.1 Glow Energy Public Company Ltd., Company Overview ............................................... 65

8.4.2 Glow Energy Public Company Ltd., Business Description ............................................. 65

8.4.3 Glow Energy Public Company Ltd., SWOT Analysis ..................................................... 67

9 Appendix................................................................................................................................... 72

9.1 Market Definitions ............................................................................................................. 72

9.1.1 Power ............................................................................................................................ 72

9.1.2 Installed Capacity .......................................................................................................... 72

9.1.3 Electricity Generation .................................................................................................... 72

9.1.4 Electricity Consumption ................................................................................................. 72

9.1.5 Coal-Fired Power Plant ................................................................................................. 72

9.1.6 Hydropower Plant .......................................................................................................... 72

9.1.7 Nuclear Power............................................................................................................... 72

9.1.8 Renewable Energy Resources ...................................................................................... 73

9.2 Abbreviations .................................................................................................................... 73

9.3 Bibliography ...................................................................................................................... 74

9.4 GlobalData’s Methodology ................................................................................................ 76

9.4.1 Coverage ...................................................................................................................... 76

9.4.2 Secondary Research and Analysis ................................................................................ 76

9.4.3 Primary Research and Analysis..................................................................................... 77

9.5 Disclaimer ......................................................................................................................... 78


Table of Contents


1.1 List of Tables

Table 1: Power Market, Thailand, Gross Domestic Product ($bn), Population (million), and Annual Power

Consumption (TWh), 2000–2020 ................................................................................................. 13

Table 2: Power Market, Thailand, Market Share of Power Generation Companies (%), 2014..................... 17

Table 3: Power Market, Thailand, Deal Value ($bn) and Number of Deals, 2004–April 2015 ...................... 18

Table 4: Power Market, Thailand, Deals by Type (%), 2014 ...................................................................... 19

Table 5: Power Market, Thailand, Annual Power Consumption (TWh), 2000–2025 .................................... 21

Table 6: Power Market, Thailand, Power Consumption by Sector (%), 2014 .............................................. 22

Table 7: Power Market, Thailand, Expected Capacity Addition (MW), 2012–2019 ..................................... 23

Table 8: Power Market, Thailand, Expected Capacity Addition (MW), 2020–2030 ..................................... 23

Table 9: Power Market, Thailand, Energy Savings by Economic Sector, 2030 ........................................... 25

Table 10: Power Market, Thailand, Adder Feed-in Premiums, 2013 ............................................................ 26

Table 11: Power Market, Thailand, Cumulative Installed Capacity Share by Fuel Type (%), 2014 ................ 27

Table 12: Power Market, Thailand, Cumulative Installed Capacity (GW) and Annual Power Generation

(TWh), 2000–2025 ...................................................................................................................... 30

Table 13: Power Market, Thailand, Leading Thermal Power Plants, 2015.................................................... 32

Table 14: Power Market, Thailand, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal

Power Generation (TWh), 2000–2025 ......................................................................................... 35

Table 15: Power Market, Thailand, Leading Hydropower Plants, 2015 ........................................................ 36

Table 16: Power Market, Thailand, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower

Generation (TWh), 2000–2025 .................................................................................................... 38

Table 17: Power Market, Thailand, Leading Renewable Power Plants, 2015 ............................................... 40

Table 18: Power Market, Thailand, Cumulative Installed Renewable Power Capacity (GW) and Annual

Renewable Power Generation (TWh), 2000–2025 ....................................................................... 42

Table 19: Power Market, Thailand, Transmission Line Length (Ckm), 2000–2020 ....................................... 44

Table 20: Power Market, Thailand, Distribution Line Length (Ckm), 2000–2020 .......................................... 45


Table of Contents


Table 21: Power Market, Thailand, Annual Power Imports and Exports (TWh), 2000–2014 ......................... 47

Table 22: Power Market, Thailand, EGAT, SWOT Analysis ......................................................................... 51

Table 23: Power Market, Thailand, RATCH, SWOT Analysis....................................................................... 57

Table 24: Power Market, Thailand, EGCO, SWOT Analysis ........................................................................ 62

Table 25: Power Market, Thailand, Glow Energy Public Company Limited, SWOT Analysis ........................ 67

Table 26: Abbreviations .............................................................................................................................. 73

1.2 List of Figures

Figure 1: Power Market, Thailand, Gross Domestic Product ($bn), Population (million), and Annual Power

Consumption (TWh), 2000–2020 ................................................................................................. 12

Figure 2: Power Market, Thailand, Market Share of Power Generation Companies (%), 2014..................... 17

Figure 3: Power Market, Thailand, Deal Value ($bn) and Number of Deals, 2004–April 2015 ...................... 18

Figure 4: Power Market, Thailand, Deals by Type (%), 2014 ...................................................................... 19

Figure 5: Power Market, Thailand, Annual Power Consumption (TWh), 2000–2025 .................................... 20

Figure 6: Power Market, Thailand, Power Consumption by Sector (%), 2014 .............................................. 22

Figure 7: Power Market, Thailand, Cumulative Installed Capacity by Fuel Type (%), 2014 .......................... 27

Figure 8: Power Market, Thailand, Cumulative Installed Capacity (GW) and Annual Power Generation

(TWh), 2000–2025 ...................................................................................................................... 29

Figure 9: Power Market, Thailand, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal

Power Generation (TWh), 2000–2025 ......................................................................................... 34

Figure 10: Power Market, Thailand, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower

Generation (TWh), 2000–2025 .................................................................................................... 37

Figure 11: Power Market, Thailand, Cumulative Installed Renewable Power Capacity (GW) and Annual

Renewable Power Generation (TWh), 2000–2025 ....................................................................... 41

Figure 12: Power Market, Thailand, Annual Power Imports and Exports (TWh), 2000–2014 ......................... 47



Introduction

2 Introduction

Thailand is a developing country with a liberalized economy and a developed infrastructure. It has

a constitutional monarchy form of government, wherein the head of state is a monarch who acts

within the guidelines of the country’s constitution. Thailand is a member of international

organizations such as the Asia-Pacific Economic Cooperation (APEC), the Association of South

East Asian Nations (ASEAN), and the United Nations Conference on Trade and Development

(UNCTAD).

Thailand’s liberalized economy attracts a large amount of Foreign Direct Investment (FDI), ranking

the 11st best destination in the world for FDI in 2011 (BOI, 2011). This is due to its well-developed

infrastructure and strong government support via incentives from the Board of Investment of

Thailand (BOI). The BOI acts under the Ministry of Industry to encourage investment from both

domestic and foreign sources.

The economy is mainly export-driven. Its rising dependence on international trade makes it highly

vulnerable to volatility in the world market, and it was affected negatively by the global economic

recession in 2008. However, it recovered considerably by 2012 with an estimated Gross Domestic

Product (GDP) of $XX billion at current prices, equating to annual growth of XX%, followed by XX%

in 2013. In 2014, the GDP growth rate fell to a negative XX% due to political tension, which slowed

consumption, investment, and government spending. The services sector accounted for the largest

share of GDP with XX% in 2014, followed by the industrial sector with XX% and the agricultural

sector with XX% (CIA, 2015).

The power regulatory structure is multi-layered, although the Electricity Generating Authority of

Thailand (EGAT) is the most important entity in the power market. The Department of Alternative

Energy and Efficiency (DAEE) is responsible for implementing national policy on energy efficiency,

renewable energy, and water sources.

Renewable sources are expected to show the highest growth in the power mix in the future. As

agriculture is a primary occupation, the government intends to use agricultural waste for electricity

generation. However, power is predominantly generated by thermal sources at present, mainly

from gas-fired power plants; in 2014, thermal power accounted for XX% of installed capacity. The

country has been using its domestic gas resources for power generation, but depleting gas



Introduction

reserves mean that the government is looking to expand its energy mix by introducing nuclear

power, for which feasibility studies are in progress.

2.1 GlobalData Report Guidance

The executive summary highlights the key growth trends in Thailand’s power market.

Chapter three provides a snapshot of the key parameters that affect the power sector, as well

as key points about the power market.

Chapter four provides an analysis of the power market.

Chapter five details the regulatory control of the power market and the inward foreign

investment scenario.

Chapter six provides information on the cumulative installed capacity and annual generation

trends, by individual generation source.

Chapter seven describes the power Transmission and Distribution (T&D) infrastructure and

provides information on interconnectors with neighboring countries. It also covers electricity

imports and exports and upcoming grid-related projects.

Note: All 2014 market numbers provided in the report are estimates, except where actual data were

available.



Thailand, Power Market, Market Analysis

4.4.1 Power Consumption by Sector, 2014

The industrial sector accounted for the highest share of consumption in 2014 with an estimated

XX%; followed by trade, commerce, and other services with XX%; the residential sector with XX%;

and the agriculture sector with XX%. The remaining XX% came from other smaller sectors.

Figure 6: Power Market, Thailand, Power Consumption by Sector (%), 2014

Industrial

Trade, commerce, and other services

Residential

Agriculture and fisheriesOther

Source: GlobalData

Table 6: Power Market, Thailand, Power Consumption by Sector (%), 2014

Sector Share

Industrial

Trade, commerce, and other services

Residential

Agriculture and fisheries

Other

Source: GlobalData



Thailand, Power Market, Capacity and Generation Overview

6.2 Thailand, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025

Thailand had a total installed capacity of XX GW in 2014, having grown at a CAGR of XX% from

XX GW in 2000. Thermal power accounted for the largest share with XX%, or XX GW; followed by

hydropower with XX% or XX GW; and renewable power with XX% or XX GW.

In 2000, thermal power accounted for XX%, or XX GW, of the total installed capacity, followed by

hydropower with XX% or XX GW, and renewable energy sources with XX% or XX GW.

Total installed capacity is expected to grow at a CAGR of XX% from XX GW in 2015 to XX GW in

2025. Thermal power will grow at a lower CAGR of XX% to represent XX% of the total capacity in

2025. Hydropower is expected to grow at a CAGR of XX%, accounting for a XX% share of the

2025 total capacity. Renewable power is expected to grow from XX GW in 2015 to XX GW in 2025,

registering the highest rate of increase in capacity with a CAGR of XX%. This is due to the

government’s encouragement of renewable capacity installation, driven by tax incentives and

benefits. Thailand has also started harnessing solar energy and municipal waste to generate

power, which will further augment installed renewable capacity. Nuclear power has been ruled out

for now and the government is planning to address energy security issues by installing new coal-

based thermal power plants and renewable energy sources.

Power generation grew at a CAGR of XX% from XX TWh in 2000 to XX TWh in 2014. In 2014,

thermal power accounted for XX% of total annual generation, while hydropower and renewable

sources accounted for XX% and XX% respectively. Total power generation is expected to grow at

a CAGR of XX%, from XX TWh in 2015 to XX TWh in 2025. During the same period, renewable

power generation is expected to grow at a rate of XX%, followed by hydropower generation at

XX%, and thermal power generation at XX%.




Figure 8: Power Market, Thailand, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Ann

ual p

ower

gen

erat

ion

(TW

h)

Cum

ulat

ive

inst

alle

d ca

paci

ty (G

W)

Cumulative installed capacity Annual power generation Source: GlobalData, Power Database [Accessed on May 11, 2015]




Table 12: Power Market, Thailand, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025

Year Cumulative installed capacity Annual power generation

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Source: GlobalData, Power Database [Accessed on May 11, 2015]


Appendix


9 Appendix

9.1 Market Definitions

9.1.1 Power

Power refers to the rate of production, transfer or energy use, usually related to electricity. It is

measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known

as real power or active power.

9.1.2 Installed Capacity

Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer, or

the maximum rated output of a generator under given conditions. It is given in Megawatts (MW) on

a nameplate affixed to the generator.

9.1.3 Electricity Generation

Electricity generation refers to the process of generating electricity from other forms of energy. It

also refers to the amount of electricity produced, expressed in Gigawatt hours (GWh).

9.1.4 Electricity Consumption

Electricity consumption is the sum of electricity generated, plus imports, minus exports and

transmission and distribution losses. It is measured in Gigawatt hours (GWh).

9.1.5 Coal-Fired Power Plant

A coal-fired power plant produced electricity from the combustion of coal.

9.1.6 Hydropower Plant

A hydropower plant is a plant in which the turbine generators are driven by falling or flowing water.

9.1.7 Nuclear Power

Nuclear power is the energy released from the fission of nuclear fuel in a reactor.


Appendix


9.1.8 Renewable Energy Resources

Renewable energy resources are those that provide energy that is naturally replenished but limited

in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydropower

and wind are examples of renewable resources.

9.2 Abbreviations

Table 26: Abbreviations AMR Automatic Meter Reading

APEC Asia-Pacific Economic Cooperation

ASEAN Association of South East Asian Nations

BOI Board of Investment of Thailand

CAGR Compound Annual Growth Rate

CCGT Combined-Cycle Gas Turbine

Cogen Cogeneration

Ckm Circuit kilometer

DAEE Department of Alternative Energy and Efficiency

EGAT Electricity Generating Authority of Thailand

EGCO Electricity Generating Public Company Limited

FDI Foreign Direct Investment

FiT Feed-in Tariff

GDP Gross Domestic Product

GHG Greenhouse Gas

GW Gigawatt

GWh Gigawatt hour

HVDC High-Voltage Direct-Current

IPP Independent Power Producer

ktoe kilometric ton of oil equivalent

kV kilovolt

kW kilowatt

MEA Metropolitan Electricity Authority

mmcfd million cubic feet per day

MoU Memorandum of Understanding

MVA Megavolt Ampere

MW Megawatt

PDP Power Development Plan

PEA Provincial Electricity Authority

PPA Power Purchase Agreement


Appendix


PV Photovoltaic

SPP Small Power Project

T&D Transmission and Distribution

tcf trillion cubic feet

TWh Terawatt hour

UNCTAD United Nations Conference on Trade and Development

VSPP Very Small Power Project

Source: GlobalData

9.3 Bibliography

BOI (2011). International Business Surveys Giving High Marks to Thailand. The Board of

Investment of Thailand. Available from: http://www.boi.go.th/tir/issue/201105_21_5/161.htm

[Accessed on May 11, 2015]

Buranasajjawaraporn K (2012). Thailand Solar Energy Overview. Department for Alternative

Energy Development and Efficiency. Available from:

http://aretusa.ice.it/SchemaSite/images/UserImageDir/177/EN/Presentations/Thailand%20Sola

r%20Energy%20Overview%20.pdf

Business Day (2009). National Energy Policy Council Approves Purchase from Lao and

Myanmar. Business Day. Available from: http://www.bday.net/national-energy-policy-council-

approves-power-purchase-from-lao-and-myanmar/ [Accessed on May 11, 2015]

CIA (2015). The World Factbook, Thailand. Central Intelligence Agency, April 27, 2015.

Available from: https://www.cia.gov/library/publications/the-world-factbook/geos/th.html


EGAT (2012). Annual Report2011: Electricity Generation Authority of Thailand. Electricity

Generation Authority of Thailand. Available from: http://www.egat.co.th/en/images/annual-

report/2011/annual2011_eng_all.pdf

EPPO (2012). Thailand 20-year Energy Efficiency Development Plan 2011–2030. Energy

Policy and Planning Office. Available from: http://www.eppo.go.th/encon/ee-

20yrs/EEDP_Eng.pdf


Appendix


EPPO (2012c). Summary of Thailand Power Development Plan: 2012–2030. Energy Policy

and Planning Office. Available from: http://www.eppo.go.th/power/PDP2010-r3/PDP2010-

Rev3-Cab19Jun2012-E.pdf

Hutapea M (2011). “Thailand’s Natural Gas Reserves Set to Deplete in 18 years”. The

Nation/Asia News Network, June 6, 2011. Available from:

http://www.eiwatch.org/2011/06/thailands-natural-gas-reserves-set-to-deplete-in-18-years/


IMF (2015). International Monetary Fund, World Economic Outlook Database, April 2015

[database]. Available from:

http://www.imf.org/external/pubs/ft/weo/2015/01/weodata/weoselco.aspx?g=2001&sg=All+coun

tries [Accessed on May 10, 2015]

NTPC (2012). The Lao–Thai Relationship on Electricity Supply. Nam Theun 2 Power

Company. Available from:

http://www.namtheun2.com/index.php?option=com_content&view=article&id=55&Itemid=72


Nunt-Jaruwong S (2012). Thailand Renewable Energy Policy: The Potential for Electricity from

Dendro Power. National Research Institute. Available from:

http://www.nri.org/projects/biomass/conference_papers/thailand_renewable_energy_policy_su

mmary.pdf

PEA (2012). PEA Moves Further Towards a “Smart Grid” with Their Newly Announced Smart

Grid Roadmap Project. PEA Smart Grid. Available from: http://161.200.85.41/pea-smartgrid/


Praiwan Y (2015). “Power plan aims to cut reliance on gas”, Bangkok Post, April 9, 2015.

Available from: http://www.bangkokpost.com/business/news/522911/power-plan-aims-to-cut-

reliance-on-gas [Accessed on: May 12, 2015]

Smart Thai (2011). Thailand–EU Co-operation Facility Phase II (TEC II). Smart/Intelligent Grid

Development and Deployment in Thailand. Available from:

http://eeas.europa.eu/delegations/thailand/documents/eu_thailand/project_fiche_242677_en.p

df


Appendix


Thongrung W (2012). Without More Coal Plants, Power Bills to Double in 2017”. The Nation,

May 28, 2015. Available from: http://www.nationmultimedia.com/business/Without-more-coal-

plants-power-bills-to-double-in--30193509.html [Accessed on May 11, 2015]

Thongrun W (2015). April launch for Power Development Plan”, The Nation, January 14, 2015.

Available from: http://www.nationmultimedia.com/business/April-launch-for-Power-

Development-Plan-30251851.html [Accessed on: May 11, 2015]

Tordesillas C (2012). Myanmar to Cut Gas Exports to Thailand to Address Power Shortages.

Asian Power. Available from: http://asianpower.com/regulation/news/myanmar-cut-gas-

exports-hailand-address-power-shortage [Accessed on May 12, 2015]

9.4 GlobalData’s Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with

advanced statistical expertise and marketing, market research and consulting backgrounds in the

energy industry.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and

Strategic and Competitive Intelligence Professionals (www.scip.org).

All of GlobalData’s databases are continuously updated and revised. The following methodology

has been followed for the collection and analysis of data presented in this report.

9.4.1 Coverage

This report covers Thailand’s power market, examining the market structure and providing

historical generation, capacity and consumption forecasts until 2025. It also looks at the market’s

regulatory structure, import and export trends, competitive landscape and leading active and

upcoming power projects.

9.4.2 Secondary Research and Analysis

The capacity, generation and consumption data is collected and validated using a number of

secondary resources including but not limited to:

Government agencies, ministry websites, industry associations, the World Bank, IMF, and

statistical databases


Appendix


Company websites, annual reports, financial reports, analyst reports and investor

presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases such as the Capacity and Generation Database, Power

Plant Database and Transmission and Distribution Database

Further to this, the following secondary information is collected and analyzed to project Thailand’s

power market scenario to 2025, analyzing factors such as:

Macro-economic scenario

Government regulations, policies and targets

Government and private sector investment

Contract and deal announcements

Utility expansion plans

The sector’s historical track record

Other qualitative insights built through secondary research and analysis of company websites,

annual reports, investor presentations, industry and trade journals, and data from industry

associations

9.4.3 Primary Research and Analysis

Secondary research is further complemented through primary interviews with industry participants

to verify the market numbers obtained through secondary research and obtain first-hand

information on industry trends.

The participants are drawn from a diverse set of backgrounds, including power producers,

equipment manufacturers, industry associations, government bodies, utilities, distributors, and

academia. The participants include but are not limited to C-level executives, industry consultants,

academic experts, business development and sales managers, purchasing managers, plant

managers, government officials and industry spokespersons.


Appendix


9.5 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior

permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

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