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Thaksin Vows Cheaper Power to Turn Thailand Into Data Center Hub
Thailand aims to slash electricity costs by more than 25% by next year to emerge as a hub for data centers and artificial intelligence infrastructure, according to Thaksin Shinawatra, the de facto chief of the ruling Pheu Thai Party. The government headed by his daughter Paetongtarn Shinawatra plans to bring down the electricity tariff to about 8 US cents per unit from about 11 cents now, Thaksin told a business seminar in Bangkok late on Friday. He didn't elaborate on how the government would slash the rate, which is currently subsidized by state utilities.
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Thaksin vows cheaper power to turn Thailand into data center hub
Thailand aims to slash electricity costs by more than 25% by next year to emerge as a hub for data centers and artificial intelligence infrastructure, according to Thaksin Shinawatra, the de facto chief of the ruling Pheu Thai Party. The government headed by his daughter Paetongtarn Shinawatra plans to bring down the electricity tariff to about 8 U.S. cents per unit from about 11 cents now, Thaksin told a business seminar in Bangkok late on Friday. He didn't elaborate on how the government would slash the rate, which is currently subsidized by state utilities. Thailand has secured billions of dollars in investment commitments from tech majors including Amazon, Google, TikTok, and Alibaba to build projects for large data centers and cloud services. Building on that success would depend on the country's ability to offer clean and cheap energy, Thaksin said.
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Thailand plans to reduce electricity costs by over 25% to attract AI and data center investments. The move is part of the country's strategy to become a hub for tech infrastructure.
Thailand is setting its sights on becoming a major hub for data centers and artificial intelligence infrastructure by implementing a bold strategy to significantly reduce electricity costs. Thaksin Shinawatra, the de facto chief of the ruling Pheu Thai Party, announced that the government aims to slash electricity tariffs by more than 25% by next year 12.
The government, led by Thaksin's daughter Paetongtarn Shinawatra, plans to bring down the electricity tariff from the current rate of about 11 US cents per unit to approximately 8 US cents per unit. This substantial reduction is expected to make Thailand more competitive in attracting tech investments 12.
Thailand has already made significant strides in securing investments from major tech companies. The country has received billions of dollars in investment commitments from industry leaders such as Amazon, Google, TikTok, and Alibaba for the development of large data centers and cloud services 2.
Thaksin emphasized that the country's ability to offer clean and cheap energy would be crucial in building upon its initial success in attracting tech investments. The proposed reduction in electricity costs is seen as a key factor in enhancing Thailand's appeal as a destination for AI and data center infrastructure 2.
While the government's plan is ambitious, there are still questions about how it will be implemented. The current electricity rates are subsidized by state utilities, and Thaksin did not provide details on how the government intends to achieve such a significant reduction in costs 12.
If successful, this initiative could position Thailand as a major player in the global AI and data center landscape. Reduced energy costs could make the country an attractive destination for companies looking to expand their AI operations or establish new data centers in the region 12.
The move to reduce electricity costs and attract tech investments aligns with Thailand's broader economic strategy. By positioning itself as a hub for AI infrastructure and data centers, the country aims to boost its technology sector and create new opportunities for economic growth and development 12.
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