Single Blog Post The Thai economy is expected to grow approximately 3-4% per year over the next two decades. Consequently, even after taking into account the government’s Energy Efficiency Development Plan (EEDP), electricity demand is forecasted to increase by around 2.7% per year in the same period. At the end of 2017, Thailand had a total generating capacity of approximately 42,000 MW. Of this, Gulf will contribute over 11,000 MW to the country’s energy demand by 2024, making us one of the largest contributors to Thailand’s electricity supply. It is therefore extremely important for us to ensure our business will continue to operate reliably and sustainably.

Aside from the major role we play in supporting the general economy of the country, we recognize that we also have a responsibility on a smaller scale towards the local communities in which we operate. Even beforeÎ the Thailand Power Development Fund was written into law, Gulf contributed to community development by providing financial assistance in the form of a community fund which was used to repair, improve and expand the local infrastructure. Today, we uphold this commitment to our communities through regular contributions to the Thailand Power Development Fund and active engagement with the local population.