Energy Efficiency Management
Why is this Important?
EGCO Group recognizes the importance of efficient energy management, which not only helps reduce costs but also ensures that energy is sufficient and accessible to all groups equally. It supports the use of clean energy and the transition to renewable energy to reduce greenhouse gas emissions and contribute to global efforts in carbon reduction. Additionally, efficient energy use helps improve operational efficiency and reduces unnecessary resource consumption.
Therefore, EGCO Group has implemented various projects and measures to reduce energy consumption and enhance operational efficiency. These include using highly efficient fuels to reduce resource usage and adopting smart energy management technologies to monitor, analyze, and continuously improve energy usage throughout the production process. In addition, EGCO Group emphasizes the development of energy knowledge within the organization by raising awareness about efficient energy use and encouraging employee participation in energy conservation. This is done through training and various activities to involve every employee in energy management. The company also ensures regular inspection and maintenance of equipment to keep machinery and devices operating efficiently and minimize unnecessary energy use. Clear maintenance and inspection plans are in place. These actions demonstrate the company's commitment to reducing greenhouse gas emissions and improving energy usage to meet long-term environmental challenges.
Sustainability Material Topic: Energy Management
Stakeholder Impact on Material Topics
Media
Creditors
Contractors and Subcontractors
Business Partner
Customers
Management Approach
Energy Efficiency Target & Performance
Long Term Target
By 2028
- Energy intensity of Natural Gas Plant (Below 1.88 GJ/MWh)
- Energy intensity of Coal Plant (Below 2.61 GJ/MWh)
2024 Target
Reduce energy intensity of Natural Gas Plant by 2% compared to baseline intensity in 2020.
2024 Performance
Energy intensity of Natural Gas Plant was reduced by 2% compared to baseline intensity in 2020.
Energy Efficiency Programs
EGCO Group is determined to enhance its overall internal energy management to be efficient by developing an energy conservation policy as a framework for energy management operation, which is a part of its greenhouse gas reduction operation. An energy management working group has been established to review, develop, and monitor the organization’s implementation of energy matters on a monthly basis. This includes conducting energy audits to identify opportunities for improving energy performance in accordance with ISO 50001: Energy Management Systems.
Apart from benefits to the company’s business, improvement of energy consumption efficiency also has positive impacts on the environment. EGCO Group has continually implemented energy conservation projects within the organization to enable efficient energy consumption in the company. These projects often involve actions to reduce the amount of energy use, such as changing light bulbs, cleaning gas turbine blade at Banpong Utilities Power Plant, and arranging “Go Walk Go Green” activity to encourage employees to use the stairs instead of the elevator at EGCO Tower. Furthermore, investments in innovation or R&D to decrease energy consumption are considered essential. EGCO Group has developed and implemented a Performance Monitoring System at several power plants to closely monitor various parameters, create a database, and use the data to plan for energy conservation.
To ensure continuous improvement, EGCO Group regularly evaluates the progress in reducing energy consumption. The use of clean or green energy is promoted through installing solar panels on the rooftops of substation buildings at Chaiyaphum Wind Farm to generate and utilize clean energy instead of purchasing electricity. In addition, EGCO Group also provides energy efficiency training to all employee levels to raise awareness and engagement to reduce energy consumption in each and every step of the production and operation process. The focus is to create an organizational culture where everyone actively participates in using energy efficiently and sustainably across all EGCO operations including EGCO Tower, Khanom Power Plant, and Banpong Utilities Power Plant.
Related Projects
Energy Management
View ProjectRelated Documents
Performance Data
Updated as of April 2025
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2024 Annual Report.