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‘Tesla of Thailand’ Mulls Hydropower Plants to Balance EV Risks
- Energy Absolute assessing two hydropower dam projects in Laos
- Renewable power business seen as best source of steady revenue
Energy Absolute Pcl Mine Mobility Spa1 electric vehicle (EV) stands near a Buddhist temple in Bangkok, Thailand, on June 10, 2019.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Energy Absolute Pcl took a detour from developing solar and wind farms to lead Thailand’s biggest electric-vehicle venture. While it’s still betting that EVs have the biggest growth potential, the company is also returning to its roots in renewables.
The Thai utility is assessing the viability of developing two dam-based hydropower projects in Laos, according to Deputy Chief Executive Officer Amorn Sapthaweekul. The study will take two years, and the projects would generate power for distribution in Laos as well as export to other countries.
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‘Tesla of Thailand’ Mulls Hydropower Plants to Balance EV Risks