Gunkul says Thailand lags power peers

Losing appeal among foreign investors

- YUTHANA PRAIWAN

Thailand is likely to lose its allure when it comes to attracting foreign investors as it lags behind neighbouring countries in managing long-term power supply, says SET-listed Gunkul Engineering, an integrated clean energy developer.

"Though the country is offering attractive investment incentive packages to foreign companies, many power supply development projects are facing a delay," said Naruechon Dhumrongpiyawut, chief executive of Gunkul Engineering.

The new national energy plan (NEP), which outlines the roadmap towards a low-carbon society, is one example, she said.

Scheduled to be enforced from 2024 to 2037, the NEP has already been through a public hearing but was delayed last year partly due to the protracted process of forming a new cabinet under Paetongtarn Shinawatra.