Thai Cabinet Seals Two Major Deals to Boost ASEAN Power Grid and Achieve Net Zero

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Thailand's Cabinet approved the Lao PDR, Thailand, Malaysia, and Singapore Power Integration Project (LTMS-PIP) to advance the ASEAN Power Grid through multilateral electricity trading.

Thailand is expected to benefit from the power grid project by generating revenue from "Wheeling Charges" for the use of its transmission lines and by bolstering its national energy security.

A second approval was given for a joint statement with the Asia Zero Emission Community (AZEC), a partnership of 11 nations committed to achieving carbon neutrality.

Through the AZEC initiative, Thailand will gain access to green finance, technical expertise, and financial assistance from Japan and other partner countries to support its climate goals.

Source: Wikipedia