Page 57 - SD RATCH EN

RATCH Group PCL.
Sustainability Report 2020
57
Risk factor and impact
Risk level
Activity
Result
Flood
Low
1) Ratchaburi Power Plant set up 3 flood warning stations to monitor water levels and rainfall - inside the power plant and the canal in front of the plant, and a system to alert relevant parties and Group’s power plants in the same area.
2) New projects are surrounded with water drainage system and the power plants are located on the ground higher than the previously-flooded level.
3) Prepare flood emergency manual and contingency plan for prompt responses and hold flood drill annually.
1) All power plants must prepare emergency response plans and conduct regular drills.
2) RATCH Group’s power plants reported no flooding incident in 2020.
• Production disruption
• Discontinuityin electricity
generation
• Damageto
equipment/ building
Opportunities induced by climate change
Opportunity
Action
Result
Raise investment in renewable energy
• Review renewable energy investment strategy and targets for alignment with national power development plans and GHG reduction plans
• In 2020, the renewable energy target is raised to 25% of total capacity
(10,000 MW) within 2025.
Apply energy-saving technology/innovation and develop green businesses
• Extend the new cogeneration innovation (that combines gas turbine, steam turbine and gas engine)
• Selecthigh-efficiencyandenvironmental-friendly technology of internationally-recognized companies for new power plants.
• Invest in the manufacturing and distribution of wood pellets which involves the plantation of fast-growing trees.
• Apply the innovation with RATCH Cogeneration Power Plant’s extension project.
• Select a world-class company’s high- efficiency and environmental-friendly gas turbine for Nexif Rayong Cogeneration Power Plant.
• Jointly invest in a wood pellet manufacturing plant in Lao PDR for the overseas distribution of products certified by Forest Stewardship Council (FSC)
Raise capacity building
• JoinEGAT’sThailandCleanEnergyNetwork2020 which kicks start the country’s Renewable Energy Certificate (REC) trading. REC is a mechanism that represents power users’ rights to renewable energy, by supporting renewable energy producers and investors’ endeavor in raising revenue through REC. 1 megawatt-hour (MWh) of electricity is equal 1 REC.
• Organize an internal knowledge sharing activity, where an EGAT speaker shared knowledge, understanding and exchange opinions on the objectives, targets, principles and creation of RECs; the certification process and trading mechanism; its relevance to Climate Change Act; and the potential benefits for RATCH.
The event shed light on a new opportunity and possible application of REC mechanism with potential projects.