IEGAT and EGAT advance toward green transition and draw in investors to achieve Net Zero Emissions
25 August 2025IEGAT and EGAT signed an MOU to study the development of green industrial estates to support green transition and Thailand’s Net Zero Emissions, advancing toward the new industrial economy.
Industrial Estate Authority of Thailand (IEGAT) and Electricity Generating Authority of Thailand (EGAT) signed a Memorandum of Understanding (MOU) for the “Industrial Sector Development Study Project to Support Green Transition toward the New Industrial Economy” to jointly drive the growth of Thailand’s industrial future sustainably. Mr. Rongrit Kusonlakumbot, IEGAT Deputy Governor (Office of Governor), and Mr. Tawatchai Sumranwanich, EGAT Deputy Governor – Strategy, signed the MOU and Mr. Sumet Tangprasert, IEGAT Governor, witnessed the ceremony.
Mr. Rongrit Kusonlakumbot, IEGAT Deputy Governor (Office of Governor), revealed that IEGAT is determined to drive Thailand toward the new industrial economy by utilizing the organizational strengths and experiences. This cooperation will help develop the economy in the aspects of clean energy management for entrepreneurs and integrated waste management, and may lead to a feasibility study on joint business development in the future. It aligns with IEGAT’s enterprise plan that aims to create an investment-friendly ecosystem and an environmentally-friendly industrial economy. The objective is to study the development of the industries and industrial estates to prepare for the green transition, which is in line with the country’s Net Zero Emissions and the policy “Clean, Convenient, and Transparent” of Mr. Akanat Promphan, Minister of Industry.
Mr. Tawatchai Sumranwanich, EGAT Deputy Governor – Strategy, revealed that this cooperation will help prepare Thailand’s industrial sector for secure and sustainable growth. EGAT and IEGAT have combined their strengths to study the development of industries and industrial estates to support the green transition, as well as related laws and regulations comprehensively. The study will raise current industries toward high-value industries that apply innovation in clean energy generation, such as solar energy, energy storage system, and smart management system. This will help increase the capacity, reduce carbon emissions, and promote a circular industry, such as applying electronic waste management and the circular economy. EGAT aims to create a “green industrial estate model” in potential areas to help build competitive skills, attract investments that use advanced technology, and enhance Thailand toward becoming a sustainable industrial hub of the region.
Under this MOU, both parties will jointly conduct feasibility studies in various aspects, from initial conceptual design to business feasibility studies. The development of industries and industrial estates to support the green transition is divided into 3 phases. In Phase 1 (Pre-Feasibility Study), both parties will study the conceptual design and preliminary feasibility of the project. In Phase 2 (Feasibility Study), if the results of the initial study are feasible, a detailed feasibility study of the project will be conducted. In Phase 3, if the results of the initial study are suitable for investment, both parties will negotiate cooperation models to further conduct related business. This cooperation emphasizes the study of high-value industries that use technology and innovation in production, such as the green industry and the low carbon industry to efficiently manage clean energy, as well as the circular economy industry to study the management of electric vehicle batteries, solar panels, and electronic waste. This MOU will be valid for a period of 3 years from the date of signing. Both parties will establish a joint working group to coordinate and drive the operation to achieve the set objectives.