GULF Reveals Management Plans amid Water Shortage, Saying Performance Will Meet Target

Gulf Energy Development Public Company Limited (GULF) has announced the preparation and management plan towards water shortage situation in Thailand.

 

The plan has been made after the government has announced a policy for industrial factories to reduce water consumption by 10% due to the distress in the water shortage situation which may affect the factories’ operations, including power plants’ operations.

GULF has stated that the company has experience in operating power plants for more than 20 years and has been through several droughts; for example in 2015, in which the water shortage situation in the rivers and dams were more severe, the power plants under GULF’s group were able to operate efficiently and normally.

For the current water shortage situation, GULF has been preparing for the circumstance since 2019 by consulting with government agencies such as the Royal Irrigation Department, Electricity Generating Authority of Thailand, as well as discussing water management strategies with the industrial estates which GULF’s power plants are situated in. This resulted in every parties’ confidence that industrial estates and factories will be able to jointly manage to ensure sufficient water supply until the rainy season.

For GULF and its group’s power plants, the power plants have been reserving water in the power plants’ own reservoir at the full amount in every project. Moreover, GULF also seeks additional water supply outside of the power plants’ area. In summary, GULF is certain that the water shortage situation will not affect the company group’s overall operation.

 

In addition to the aforementioned water management plan, GULF and its group’s SPPs were able to continuously sell more electricity and steam to industrial users. In 2020, GULF has plans to increase electricity sold to new industrial user customers by 6-7%. With a stable revenue structure from the public sector and industrial user customers, along with its efficient management, the company is confident that the performance will meet its target.