FTI and EGAT Partner to Boost Local Content in Energy Sector

The Federation of Thai Industries (FTI) has announced a strategic partnership with the Electricity Generating Authority of Thailand (EGAT) as part of its 'Reinvent Thailand' initiative. The collaboration aims to align EGAT’s power generation and grid investment plans with the domestic industrial base, specifically by promoting the use of 'Made in Thailand' products. By prioritizing local content, the initiative seeks to integrate Thai manufacturers and small-to-medium enterprises (SMEs) into the energy sector's supply chain. Key areas of focus include the production of transformers, switchgear, power transmission systems, and related electrical infrastructure components. For residents and business owners, this move could signal a shift toward more localized industrial growth and potentially lower reliance on imported electrical equipment for national infrastructure projects. While the partnership establishes a framework for cooperation, specific details regarding the timeline for implementation, the total value of procurement contracts reserved for local firms, and the exact criteria for SMEs to qualify for these supply chain opportunities remain to be confirmed.