Cabinet approves PEA’s loan of 3 billion baht

House, Cabinet approves PEA to borrow 3,052 million baht in the country for long-term investment. Mr. Karom Phonphonklang, Deputy Spokesperson of the Prime Minister's Office, revealed that the Cabinet meeting resolved to approve the Provincial Electricity Authority (PEA) to borrow money domestically. According to the new long-term plan for 2023, there are 5 plans with a total amount of 3,052 million baht. Loans have been included in the public debt management plan for the fiscal year. The 5 investment plans include: 1. PEA's digital operations plan for communications and telecommunications in 2023 is used to develop PEA's communications network to cover digital technology management to be speedy. Respond to the needs of various work lines and help support internal work processes to be more efficient. Using a domestic loan of 300 million baht 2. Long-term plan for underground cable construction (Phase 2) to construct and improve above-ground electrical lines into underground cables in 74 provinces under th e responsibility of PEA. Improving the landscape to be beautiful. Budget support for civil works in 2023-2025, domestic loan of 1,537 million baht. 3. Construction plan for renovation of Building 2 and area plan of PEA Headquarters in order to obtain assessment and certification of LEED4 standards, for the renovation of Building 2 into a new era office. (Modern-Office) and is an energy-saving and environmentally-preserving building (Green Office) certified according to LEED standards. At present, Building 2 is an old building with a useful life of approximately 40 years. The building is in deteriorated condition. Period 2023-2025. Domestic loan of 302 million baht. 4. Plan to improve the efficiency of the power station control and protection system, phase. Currently, there are 653 power stations that use the CSCS system. They have been in use for more than 10 years, causing the main equipment of the CSCS system to begin to frequently break down. Therefore, the old CSCS system must be dismantled and a new CS CS system installed in its place, to be implemented in 2023-2026. Domestic loan of 343 million baht. 5. The Digital Operations Plan for Work Systems and Platforms for 2023 is the development of effective and systematic digital platform administration and management guidelines. Including developing infrastructure that is consistent with operating directions and technology trends and promoting cyber security capabilities. Implementation period 2023-2024, domestic loan 570 million baht. Source: Thai News Agency