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Thailand plans to tighten power procurement rules in a bid to keep technology investment at home. (Photo: iStock)
To prevent investment by energy-intensive industries such as data centers from flowing overseas, the Thai government plans to strengthen requirements tied to electricity purchase agreements. Under the proposed rules, companies would be required to provide bank guarantees or collateral to ensure they fulfill their power purchase commitments.
The measure would also apply to firms participating in Thailand’s pilot Direct Power Purchase Agreement (DPPA) scheme, as authorities seek to bolster investor confidence in the country’s energy development.
