Economy
Thailand’s Energy Conservation Fund Reports 30-Year Impact
The Energy Conservation Promotion Fund has allocated over 142 billion baht since 1995, resulting in energy savings valued at more than 516 billion baht.
According to data released by Khaosod Online Thailand, the Energy Conservation Promotion Fund (ENCON Fund) has provided a comprehensive report on its activities spanning from 1995 to 2025. Rattachat Siripanich, manager of the ENCON Fund office, stated that over the past 30 years, the organization has funded 14,870 projects with a total investment of approximately 142.3 billion baht.
These initiatives have successfully reduced energy consumption by 21,287 kilotonnes of oil equivalent (ktoe), generating an estimated economic value of 516.7 billion baht—more than triple the initial investment. The funding has primarily supported factories, buildings, government agencies, hospitals, educational institutions, SMEs, and agricultural groups.
For residents and travelers, this data highlights a long-term national commitment to energy efficiency, which may influence future utility costs and the sustainability standards of public and private infrastructure. The fund’s management has evolved significantly since its inception, transitioning from the Ministry of Finance to the Ministry of Energy in 2005, and eventually becoming an independent fund entity in 2019.
While the report confirms the historical success of these energy-saving measures, it remains to be seen how future funding cycles will adapt to emerging green technologies and shifting national energy policies. Further details regarding specific upcoming projects for the 2026-2030 period have yet to be fully detailed.
Translated from Thai.
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