EGAT expects “Utility Green Tariff” to be announced around year-end

20 Sept 05:14 Key points summarised by AI

EGAT plans to introduce a "Utility Green Tariff" (UGT) by year-end or early next year, aiming to attract multinational corporations to invest in Thailand's renewable energy mega-projects.
The new UGT price structure requires EGAT to ensure a reliable supply of renewable energy and modernize its grid system to accommodate various green energy sources like wind, solar, and biomass.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.