GGGI signs MoU with PEA to promote energy efficiency in the SME sector

The Global Green Growth Institute (GGGI) and Provincial Electricity Authority Company Limited signed a Memorandum of Understanding (MoU) to promote Thailand’s Energy Efficiency program for the Small and Medium Enterprises (SMEs) in Thailand and enhance cooperation on energy efficiency.

The MoU, signed by Hyoeun Jenny Kim, Deputy Director-General and Head of Green Growth Planning and Implementation Division, GGGI, and Saranyphong Atchavsunthon, Assistant Governor, Planning and Power System Development, PEA, will serve as a platform for collaboration between the two agencies to design, develop and promote energy efficiency implementation among SMEs, particularly those in the industrial sector, which accounts for one-third of Thailand’s Gross Domestic Product.

“GGGI’s analysis shows that SMEs in the industrial sector are among the highest energy consumers in Thailand. Greening SMEs with the Energy Efficiency program with a robust design and implementation will lead to strong economic and industrial development. Thailand has high investment potential for moving toward sustainable green growth development,” said Deputy Director-General Kim.

Under the MoU, GGGI will support SMEs in Thailand’s industrial sector to reduce the production cost through improvement in energy efficiency, increase competitiveness and access to finance by encouraging energy service companies (ESCOs) to participate in PEA’s energy efficiency program. The aim of the program is also to reduce overall greenhouse gas emissions and other negative environmental impacts for sustainable economic green growth. In this regard, PEA and GGGI have agreed to jointly launch the first phase of Thailand’s Energy Efficiency program, which is solely focused on the SME sector and is expected to mobilize approximately 640 million baht. PEA will lead the project and conduct an independent selection process to engage the ESCOs.

“We believe energy efficiency will lead Thailand to move toward an energy knowledge-based society. The MoU we sign with GGGI today will help us develop, promote and support energy efficiency in practice for sustainability of economic, social and green growth development,” said Assistant Governor Saranyphong

Going forward, GGGI and PEA will identify follow-up activities and opportunities to promote energy efficiency development and a low-carbon society. This partnership will also establish a solid foundation for Thailand to share experiences and best practices at both national and international levels.

Original source: GGGI
Published on 23 July 2018