ACWA Power, PTT Public Company Limited and Electricity Generating Authority of Thailand set to support Thailand’s decarbonisation aspiration

ACWA Power, PTT Public Company Limited and Electricity Generating Authority of Thailand set to support Thailand’s decarbonisation aspiration

- The three parties signed a memorandum of understanding to initiate the sustainability-focused collaboration

- Thailand intends to produce green hydrogen and derivatives to power the country with clean energy and export the fuel to global markets

- ACWA Power, PTT and EGAT will explore potential project with a view to secure domestic energy demand and enabling export opportunities

Riyadh, Saudi Arabia/ Bangkok, Thailand: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide; PTT Public Company Limited (PTT), Thailand’s national integrated energy company; and Electricity Generating Authority of Thailand (EGAT), an electric power related state-owned enterprise which aims to secure the power reliability under the supervision of Thai Ministry of Energy and Ministry of Finance, signed a landmark memorandum of understanding with a view to embarking on green hydrogen and derivatives projects that meet the Southeast Asian country’s domestic energy demand and enable valuable export opportunities.

Having pledged to achieve carbon neutrality by 2050 and net zero emissions by 2065, Thailand intends to produce green hydrogen as a new alternative energy source in the years and decades ahead, which entails a host of beneficial implications including supporting emissions abatement imperatives and helping to build