Reports that Thailand’s largest energy utility said it will invest 6 billion US dollars to build the country’s first nuclear power plant, expected to start operations in 2020. The Electricity Generating Authority of Thailand (EGAT) said the planned nuclear plant will produce approximately 4,000 megawatts of electricity.
The EGAT governor declared “Building a nuclear power plant is unavoidable for Thailand given the current pace of rising electricity demand” and he added "Thailand cannot depend too much on natural gas because the gas fields in the Gulf of Thailand will run out very soon. Coal is cheap but the environmental costs are unquantifiable." Thailand has hired six experts for a planning study in Japan, America or Europe.
To finance the nuclear investment, EGAT, a state enterprise under the ministry, said it will consider issuing bonds and seek offshore loans.
It will also recruit thai engineers to study nuclear technology in Japan, France or United States and Japan. Several international firm offers to build the power plant(french Areva, japan’s Toshiba and Westinghouse of the United States).
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