New energy saving scheme set to be approved shortly

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A plan to have the Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) help state agencies manage energy conservation projects under long-term contracts is expected to be approved by the government soon to speed up efforts to save energy in the state sector, says the Department of Alternative Energy Development and Efficiency.

MEA and PEA will provide energy solution services under a model similar to the work of an energy service company known as ESCO, he said.

This financial management is new and not familiar to state agencies, leading to worries over business risks, according to ESCO.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Long-term Electricity Contracts Government Esco Authority State Agencies Budget Wattanapong Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 05:55:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21924475

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

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