GPSC moves forward plans in advancing the power plant efficiency in all dimensions under the framework “Decarbonization for Sustainable Future”, highlighting guidelines in power supply stability enhancement alongside carbon footprint emission in response to emerging clean energy demand. The implementation is expected to boost industrial sector competitiveness, address challenges posed by new global export standards, and set to achieve Net Zero goal by 2060.

Mr. Sirimet Leepagorn, President and Acting Chief Operating Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group stated that PTT Group has established a strategic roadmap focusing on GHG emission reduction. PTT’s Decarbonization Power mission is designated to GPSC to set the goal in driving the business forwards in aligning to the emerging energy transition trend. Furthermore, business direction is set to meet the future energy market demand with aim to achieve green transition where industries are required to progress the business operation to maintain manufacturing capacity competitiveness while advancing their eco-friendly approaches to the goal. GPSC is committed to enhancing power and steam generation efficiency through clean energy innovations, as guided by Decarbonization Power roadmap. The company is set to undergo the carbon footprint emission to increase power plant efficiency alongside the procurement of energy technology and innovation to achieve the reduction of carbon intensity by 10% in 2025 and 35% in 2030, and moving forward to the carbon neutrality in 2050, and eventually completing the Net Zero goal in 2060.

The GHG reduction to Net Zero framework set by GPSC is addressed into 4 pathways including: 1. Reduce Fossil Fuel Usage: GPSC is implementing plant efficiency upgrades to minimize carbon emissions from its fossil fuel-based power plants. This plan includes the deployment of AI-driven optimization for effective power generation methods. The goal is to optimize operations by selecting the most efficient approach, thereby maximizing output and improving fuel efficiency. 2. Grow Renewables: GPSC plans to move forward with the ongoing renewable energy business expansion plan. The company is aggressively expanding its renewable energy portfolio, achieving remarkable success, particularly in India through its 42.93% stake in Avaada Energy Private Limited or AEPL. Since its initial investment, AEPL’s capacity has surged 5.5x in just 3.8 years, from 3.7 GW to 20.6 GW, with 5.1 GW already commercially operational. This rapid growth had propelled GPSC’s clean energy share beyond 50% surpassing its original 2030 target while maintaining strong momentum for further expansion.

3. Enhance Infrastructure: GPSC has partnered with Doosan Enerbility Co., Ltd., a South Korean expert in power plant engineering and process equipment manufacturing, to explore the use of green ammonia in combination with primary fuels (Fuel Shifts & Hybridization) to improve fuel efficiency, as well as Carbon Capture and Storage (CCS) technologies. Additionally, studies are being conducted on power and steam production from biomass power plants, ensuring a sufficient supply of agricultural feedstock or waste materials to fuel these plants, both domestically and through imports from neighboring countries. The adoption of other carbon-free energy solutions is also being examined to reduce carbon emissions in electricity and steam production across various types of power plants. Furthermore, GPSC has collaborated with Saltfoss (formerly Seaborg Technologies) from Denmark to assess the feasibility of developing Small Modular Reactor (SMR) technology. As a fourth-generation (GEN 4) nuclear technology, SMRs offer a clean and highly safe energy solution, capable of naturally cooling fuel rods in emergency situations. This technology has the potential to replace conventional fuel-based power plants while efficiently meeting industrial demands for electricity and steam. GPSC is prepared to conduct further detailed studies and awaits clearer government policies to advance the SMR project, ensuring its alignment with Thailand’s Power Development Plan (PDP).

In addition, GPSC extends its feasibility study of the carbon emission program in Maptaphut in collaboration with PTT to explore the entire consumption rate of renewable energy in Maptaphut. The survey is expected to help the business owners to gain the exact goal for the carbon emission target, preparing themselves in encountering the global new trade tariff transition with the minimum impacts on the export sector. However, the company is progressing towards the emergence of new solutions for power generation to support the green energy transition investment plan for the Data Center in Thailand. GPSC also conducts study of renewable energy storage in the form of Molten Salt Heat Storage to deliver the heat power to the industrial plants, enabling access for industrial customers to the green heat energy. This is part of the Maptaphut Decarbonization Power approach. As part of our investment plans for future energy innovations, we are collaborating with PTT Public Company Limited to research and develop Carbon Capture, Utilization, and Storage (CCUS) technology for long-term carbon management.

The fourth pathway of our approach involves Carbon Trading and Offsets. These include the trading of carbon credits, issuance of Renewable Energy Certificates (RECs) to meet carbon reduction demands and support customers, as well as reforestation projects, with a target of 10,000 rai of forest land, among other initiatives.

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