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Economy June 24, 2014 00:00

By The Nation

Junta panel to work on border SEZs

National Council for Peace and Order (NCPO) chief General Prayuth Chan-ocha has appointed a policy committee for special border economic zones to facilitate investment in potential locations for the zones. The aim is to cash in on regional transport networks as well as trade agreements under the Asean framework.
NCPO spokesman Yongyuth Mayalarp said economic and manufacturing developments in the border areas would help solve the problem of labourers from neighbouring countries coming for jobs in Thailand. They would have better options to work in the border zones instead of coming into the inner areas of the country.
The committee will be chaired by the chief or deputy chief of the NCPO.
Bid to hold diesel price  
The Energy Policy Administration Committee yesterday asked the Energy Ministry to seek collaboration from private retailers to keep the price of diesel at or below Bt30 per litre until the National Council for Peace and Order completes its energy-price reform plan, which is expected to be submitted for consideration by junta head General Prayuth Chan-ocha within 10 days. The energy committee also passed a resolution to waive diesel’s current 81-satang-per-litre contribution to the Oil Fund.
The retail diesel price of PTT and Bangchak Petroleum yesterday was Bt29.85 per litre, Shell’s was Bt30.49, and others were around Bt29.99. Petrol prices of PTT and Bangchak were 50 satang per litre lower than other retailers’.
REC starts solar plants
REC, the largest European supplier of solar panels globally, has announced the start-up of six REC-powered solar plants in Thailand, in Nakhon Pathom and Suphan Buri provinces, totalling 72 megawatts. 
Owned and operated by Yanhee EGCO Holding, this project brings the number of utility-scale installations with REC solar panels in Thailand to seven, and generates enough power for about 40,000 households.
Over 11 months of construction, 292,608 REC Peak Energy solar panels with 245 and 250 watts-peak were ground-mounted over a total area of 1,175 rai (188 hectares) in this greenfield project. All the electricity produced – 103 gigawatt-hours per year – is sold to the Provincial Electricity Authority under a VSPP (very small power producer) contract.