Bangkok: GPSC has laid out a plan to increase the efficiency of its power plants in every dimension under the concept of Decarbonization for a Sustainable Future, announcing its move towards Net Zero in 2060 by enhancing the stability of electricity supply, reducing carbon emissions, and meeting the demand for clean energy. This initiative also aims at increasing the capacity of the production sector and reducing obstacles to the export sector under new global criteria. Recently, GPSC has partnered with Saltfoss, a Danish company, to study the feasibility of developing Small Modular Reactors (SMRs) to replace power plants that use primary fuels.
According to Thai News Agency, Mr. Sirimeth Leepagorn, President and Acting Chief Operating Officer of Global Power Synergy Public Company Limited (GPSC), revealed that the PTT Group has developed a strategy to reduce net zero greenhouse gas emissions by assigning the PTT Group's Decarbonization Power mission to GPSC. The company has set a goal to align its business with the energy transition trend and future energy market demand, which is increasingly leaning towards green energy. GPSC plans to enhance the efficiency of electricity and steam production through clean energy innovations, focusing on reducing carbon intensity per unit of electricity production by 10% in 2025 and 35% in 2030, leading to carbon neutrality in 2050 and aiming for Net Zero in 2060.
GPSC's net greenhouse gas emission reduction plan is structured in four directions: reducing fossil fuel usage through the application of AI technology for efficient power plant operations; growing renewable energy, demonstrated by its significant success in India through investment in Avaada Energy Private Limited, which has expanded its production capacity from 3.7 gigawatts to 20.6 gigawatts in just 3.8 years; strengthening infrastructure by collaborating with Doosan Enerbility Co., Ltd. to explore green ammonia and Carbon Capture and Storage (CCS), and investigating biomass power plant operations; and trading and carbon offset activities, including reforestation projects and renewable energy production certificates.
Furthermore, GPSC is exploring carbon reduction projects in the Map Ta Phut area in collaboration with PTT, seeking ways to enhance electricity production to support green energy initiatives in Thailand. The company is also researching renewable energy storage via Molten Salt Heat Storage to supply industrial plants with green heat energy. Additionally, GPSC, in partnership with PTT Public Company Limited, is studying the development of CCUS (Carbon, Capture, Utilization, and Storage) technology for long-term use.