Thailand 4.0 is an initiative put in place by the Thai government will boost income and change cities like Phuket, Chiang Mai, Khon Kaen and Bangkok into smart technology hubs.
In order to achieve the mandate of 100 smart cities within 20 years, the Thai government has established the National Smart City Committee and invited various agencies and experts to join including the Digital Economy Promotion Agency (DEPA).
Smart Economy, Smart Mobility, Smart Energy and Environment, Smart Governance, Smart People and Smart Living are the sectors to be improved by the plan. The main focus however is the National Smart City Committee reinventing Thailand as a nation invested in Smart Energy, to mitigate climate change and reduce carbon emissions.
The smart grid initiative is being implemented on a national policy level, which can be seen through the Ministry of Energy’s Master Plan document released in 2015. The document, approved by the National Energy Policy Council maps out the smart grid framework emphasising security of energy supply, grid resiliency and enhancing energy efficiency.
Utilities will need to restructure their IT, communications and power system infrastructure to enable consumer participation, accommodate all generation and storage options and optimise grid operations.
State-owned utilities will spend up to Bt200 billion (8.2 billion SGD) in implementing smart grid projects through to 2036.
Several utilities will trial smart grid technologies under the approved plan. Innovative solutions and new technology will be tested to reduce greenhouse gasses, while developing the nation socially and economically.
The Ministry will use the Thailand 4.0 plan to maximise regional resources effectively to achieve sustainability and innovation goals. Policies will promote:
A bioeconomy policy, the ministry will ask the private sector and academic institutes to disseminate knowledge and policy. The Science Ministry expects the business value of bioeconomic activities could reach 25% of gross domestic product (GDP) in the first five years after the policy is implemented.
A policy to create a circular economy, which will promote recycling innovation and economic activities based on resource reuse, which Deputy Prime Minister Somkid Jatusripitak introduced early this month.