Energy Push EGAT Bangpakong Plant- PTT B100 Pull Up Palm Oil Fruit Price.
19-3-2019–Ptess conference at EGAT head office yesterday unveiled that due to lower thanworth price of Palm fresh fruit to be less than 2.80-3.00 baht/Kg that lower than their planting cost,
Energy Minister Mr.Siri Jirapongphan assigned EGAT to increase more Palm extracted raw palm fuel Oil (CPO) ratio in CPO-Natural gas hybrid guel formular has been used in generating Bangpakong Power Plant electricity and pay the extraction plants seven working days faster for them to be able to pay quicker to palm oil fruit farmers.Agter testing EGAT decided to change CPO-NG formular from 50/50 to 65/35 and plan to recieved CPO from the palm oil extraction plants faster by using Suratthani pier as the others ware house to stock more CPO before have it gradually convey to Bangpakong Power Plant limited stock space by in time plan.
“The new hybrid fuel formular will not effect to the pump and engine of Pangpakong plant, and the volume of CPO EGAT must buy under the measure remain unchanged at 160,000 tons, EGAT just have to receive the palm oil pay faster by receive it more Day from 1,000 tons per day to 1,500 tons/day and pay sevenday faster from every 15 days to pay every seven day and receive the raw palm Oil faster from originally plan to receive the last lot in June or July to receive the last lot in May.”said EGAT governor.
The measure of paying faster was expected to make the palm oil fresh fruit price higher while the CPO price remain according to the co tract made but the delivery will be two months faster instate of ending in July to be end on May 2019.
Minister Siri disclosed that in order to make more effective result to balance the plan fruit price to help the farmers Energy Ministry and Energy Policy Board plan to have PTT B100(mainly for export) to be active faster to pull in plan fruit and CPO supply while Ministry of Commerce and Ministry of agriculture are also study and do sing the way to manage Palm fruit supply size to be more balance to pull up its price to be maintain at 3-3.2 bant/Kg.
There are 31 entities selling CPO or raw palm Oil to EGAT at the total volume 155,000 ton,which EGAT had signed 126,000 tons while the remain 29,000 tons are preparing the contracts while the other 5,000 tons waiting for Domestics Trade Department to inform that would be 160,000 tons in total as it was plan.
EGAT had received 42,000 tons, and has been used 1,000 tons/day omg electricity generation which 34,000 tons had been used (as of March 16, 2019) while the other 118,000 tons are under delivery.
“The over all Palm fruit supply in Thailand at present is there million tons/year while only one million tons/years was consumes, then the oil palm plantation must be revised.”said Energy Minister Mr.Siri.
