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Thailand Approves $29 Billion Investment Wave as Data Center Demand Surges

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Thailand

TikTok leads new BOI approvals as Thailand moves to strengthen power readiness, clean energy access and fast-track strategic investment
BANGKOK, THAILAND – Media OutReach Newswire – 6 May 2026 – Thailand’s Board of Investment (BOI) has approved six major projects worth a combined 958 billion baht, or approximately USD 29 billion, led by a large-scale data infrastructure expansion by TikTok System (Thailand) Co., Ltd., underscoring the country’s growing role as a regional hub for data centers, cloud services and AI-driven digital infrastructure.

The approvals were made at a BOI Board meeting chaired by Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance. The Board also approved a second batch of projects under the Thailand FastPass mechanism and discussed with energy agencies steps to strengthen electricity readiness and improve access to clean energy — two increasingly important factors in attracting large-scale digital and high-technology investment.

Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said the latest approvals reflect growing investor confidence in Thailand at a time when global companies are racing to expand digital infrastructure across Asia.

“Amid continuing global volatility, investment in Thailand’s digital and advanced technology sectors continues to grow, reflecting investor confidence in the country’s potential as a regional technology hub,” Mr. Narit said. “For Thailand to capture this new investment cycle, we must be ready not only with investment incentives, but also with sufficient power, clean-energy options, skilled talent, deeper supply chains and a reliable facilitation system that allows projects to move quickly from approval to operation.”

Of the six approved projects, three are in data center and data hosting services, with a combined investment value of 913 billion baht, or approximately USD 27 billion.

The largest project is by TikTok System (Thailand) Co., Ltd., valued at 842 billion baht, or approximately USD 25 billion. The project will install additional servers and expand data storage and processing infrastructure across Bangkok, Samut Prakan and Chachoengsao Province, supporting rising demand for digital services and strengthening Thailand’s role in regional digital infrastructure.

Beyond its core infrastructure investment, TikTok has also committed to developing digital literacy and e-commerce curricula to help create new business opportunities for Thai entrepreneurs and strengthen the country’s digital workforce.

Another approved project is a 46 billion baht, or USD 1.4 billion, data center investment by Skyline Data Center and Cloud Services Co., Ltd., part of the UAE-based DAMAC Group. Located in Chachoengsao, the project will support an IT load of 200 megawatts.

A third data center project, by Bridge Data Centres IIO (Thailand) Co.,Ltd. from Singapore, was approved with an investment value of 24.6 billion baht, or USD 746 million. Located in Chonburi, the project will support an IT load of 134 megawatts.

The remaining approved projects cover renewable energy, circular economy and resource-based industries. PureCycle (Thailand) Co.,Ltd. will invest 8.18 billion baht, or USD 248 million, in recycled plastic pellet production in Rayong, using technology exclusively licensed from P&G, with Thailand serving as a key production base for the Asian market. Dan Khun Thot Wind One Co., Ltd. will invest 4.7 billion baht, or USD 143 million, in an 89-megawatt wind power generation project in Nakhon Ratchasima. ASEAN Potash Chaiyaphum Plc. will invest 31.4 billion baht, or USD 952 million, in potassium chloride production in Chaiyaphum, producing a key input for potash fertilizer.

To accelerate project implementation, the BOI Board also selected nine additional projects worth 52 billion baht, or USD 1.6 billion, for Thailand FastPass, following the first batch of 16 projects. The latest selection brings the FastPass portfolio to 25 projects, with a combined investment value of 223 billion baht, or USD 6.8 billion.

The FastPass mechanism is designed to streamline approval and permitting procedures, speed up coordination among relevant agencies — including the BOI, the Department of Industrial Works, the Industrial Estate Authority of Thailand, the Office of Natural Resources and Environmental Policy and Planning, the Customs Department and power-related agencies — and help strategic projects begin operations faster.

At the same meeting, the Board outlined steps to strengthen electricity readiness with the Ministry of Energy and the Energy Regulatory Commission, focusing on urgent power supply needs for incoming investment, particularly in the Eastern region. The Board also directed action on accelerating the issuance of Thailand’s Power Development Plan (PDP) to support future demand, new energy technologies and long-term power-system planning.

The Board also advanced plans for clean energy mechanisms, including Direct Renewable Power Purchase Agreements, or Direct PPA, which would allow private companies to buy and sell renewable electricity directly, with participation criteria and grid-service charges to be announced shortly. The Board also acknowledged the launch of Utility Green Tariff 2, or UGT2, a source-specific green tariff designed to give companies more options for procuring clean electricity.

The Board also tasked the BOI with coordinating with relevant agencies to consider regulatory improvements that would facilitate clean energy investment, including easing power-generation licensing conditions for foreign operators installing solar rooftops, and clarifying rules to support self-generation under Independent Power Supply, or IPS, arrangements.

Mr. Narit said the combination of large-scale digital investment, power readiness, clean energy access, skilled talent and faster investment facilitation is central to Thailand’s competitiveness in the next phase of global investment.

“Thailand is entering a new investment cycle in which speed, power readiness, clean energy access and skilled talent will be decisive,” he said. “The BOI is working with partner agencies to ensure that major projects can move from approval to operation as quickly as possible, while strengthening the infrastructure, workforce, supply chains and ecosystem needed for long-term growth in the digital economy.”

USD conversion based on an estimated exchange rate of 33 baht per USD.

Business

Nominations open for the African Infrastructure Elites 2026/2027

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VUKA Group

From utility executives and engineers to project developers, innovators and financiers, the Elites recognises those helping to expand access, strengthen infrastructure and accelerate sustainable development across the continent

CAPE TOWN, South Africa, July 27, 2026/APO Group/ –​Nominations are officially open for the 11th edition of the African Infrastructure Elites: Projects and People, brought to you by ESI Africa, part of VUKA Group (www.WeAreVUKA.com).

The annual initiative celebrates the visionary leaders, emerging talent and transformative projects making a measurable difference across Africa’s power, energy, water and transport sectors. From utility executives and engineers to project developers, innovators and financiers, the Elites recognises those helping to expand access, strengthen infrastructure and accelerate sustainable development across the continent.

Access and Affordability empowers security for All

This year’s theme, Access and Affordability empower security for All, speaks directly to one of Africa’s most pressing development imperatives. Reliable and affordable access to energy and power, clean potable water and sanitation, and sustainable and clean transport remains fundamental to economic growth, social wellbeing and long-term resilience.

Nominations are invited across a range of categories, including:

  • Leadership and Rising Stars
  • Grid-tied and Off-grid Projects
  • Smart and Digital Solutions
  • Clean Transport and Energy at Mines
  • Water and Sanitation
  • Finance and Investment

Successful nominees will be considered for inclusion in the African Infrastructure Elites 2026/2027 publication, supported by exposure through ESI Africa’s multimedia platforms, industry events, webinars and dedicated social media campaigns.

Organisations and individuals may nominate colleagues, industry partners, innovative projects or their own work. Strong submissions should clearly demonstrate the project or leader’s achievements, impact, innovation and the potential for the work to be replicated elsewhere in Africa.

All entries will be independently evaluated on merit by the African Elites Advisory Board, comprising respected experts from across the industry.

Nominations close on 2 October 2026. Late submissions will not be accepted.

Nominate an outstanding person or project and help celebrate the African visionaries building a more reliable, inclusive and sustainable future.

Submit a nomination: (https://apo-opa.co/4wo3CyF)

Distributed by APO Group on behalf of VUKA Group.

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Energy

S&P Global Energy, CLC Solutions and Colibri Bring Market Intelligence to African Mining Week (AMW) 2026

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African Mining Week

Leading market intelligence and advisory experts will examine the investment trends, policy reforms, infrastructure and local content strategies shaping the future of Africa’s mining sector at this year’s African Mining Week

CAPE TOWN, South Africa, July 27, 2026/APO Group/ –The upcoming African Mining Week (AMW) 2026 – Africa’s Most Influential Mining Conference, taking place October 14–16 in Cape Town – will feature experts from leading market intelligence and advisory firms, including S&P Global Energy, Colibri Business Development and CLC Solutions, across high-level panel discussions and exclusive networking sessions.

 

With the continent holding around 30% of the world’s critical mineral reserves, these firms are providing strategic insights into market trends, policy reform and investment opportunities while supporting governments in developing competitive regulatory frameworks that attract international capital.

Experts from S&P Global Energy will lead several strategic discussions throughout the event. As African governments prioritize mineral beneficiation and downstream industrialization, building competitive value chains has become central to mining policy. Atul Arya, Chief Energy Strategist, will join the Strategic Minerals: Developing a Value Chain that Works for Africa ministerial panel, offering insights into the policy and investment strategies needed to strengthen regional value chains.

Regional infrastructure development will also feature prominently at AMW 2026. Rahul Kapoor, Vice President and Head of Shipping & Metals, will examine investment in transport corridors and cross-border infrastructure during the Regional Connectivity: Financing Africa’s Mineral Infrastructure panel, highlighting projects such as the Lobito Corridor and TAZARA Railway and their role in supporting regional industrialization.

Addressing operational challenges across the sector, Gavin Montgomery, Critical Minerals Market Lead, will participate in the Accelerating Mineral Production: The Energy, Water & Waste Nexus panel. He will explore strategies to improve mining competitiveness through reliable energy supply and sustainable resource management as operators increasingly adopt renewable power purchase agreements, onsite generation, power wheeling and long-term fuel supply agreements to strengthen operational resilience.

Broader geopolitical dynamics will also take center stage at AMW 2026. Thomas Rodriguez, Local Content Director and Developer at CLC Solutions, will participate in the Africa’s Mining Opportunity in the Geopolitical Sphere session, examining how global competition for critical minerals is reshaping investment flows and creating new opportunities for African mining jurisdictions.

As governments intensify efforts to increase in-country value addition, local content and supplier development have become central to mining policy. Ileana Ferber, Founder and CEO of Colibri Business Development, will join the Strengthening Local Content in Africa’s Mining Supply Chain panel to discuss strategies for expanding local procurement, developing competitive supplier ecosystems and increasing the participation of domestic businesses across Africa’s mining value chain.

By convening market intelligence firms, advisory experts, policymakers, investors and mining leaders, AMW 2026 provides a platform for informed dialogue that supports investment decisions and advances the sustainable development of Africa’s mining sector.

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

Bestselling Angola Reform Book Set for Exclusive Luanda Launch on September 2

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African Energy Chamber

The Amazon bestseller will be launched in Luanda this September, offering insight into the reforms that help shaped the country’s oil and gas market

LUANDA, Angola, July 27, 2026/APO Group/ —Crude Oil: Power, Turnaround and Transformation in Angola {https://apo-opa.co/4wnVNZP} – the latest bestselling book by African Energy Chamber (https://EnergyChamber.org) Executive Chairman NJ Ayuk – will take center stage in Luanda on September 2 with an exclusive launch event at the InterContinental Luanda Miramar. The Luanda launch brings the book directly to the country at the heart of its story, convening Angola’s oil and gas industry around an examination of the policies, leadership and investment decisions that have reshaped one of Africa’s largest oil-producing markets.

 

Released earlier this year, Crude Oil debuted as a Top Amazon New Release. A Portuguese edition was also released in July, expanding access to readers across Angola and the wider Lusophone market. Blending political history, industry analysis and first-hand perspectives from key decision-makers, Crude Oil traces Angola’s evolution through periods of production decline, economic pressure and structural change to its emergence as one of Africa’s most attractive upstream investment destinations. The book features perspectives from Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, alongside Sonangol Chairman of the Board Sebastião Gaspar Martins and National Oil, Gas & Biofuels Agency (ANPG) Chairman Paulino Jerónimo.

At the center of the book is Angola’s reform agenda and the role it has played in restoring investor confidence and stimulating exploration. Under efforts to curb production decline and attract capital into both mature and frontier basins, the country established a dedicated upstream regulator (ANPG) and downstream regulator (IRDP), while embarked on a multi-year licensing round targeting 50 concessions by 2025. The introduction of a Permanent Offer Regime further opened the market to international capital while policies such as the Incremental Production Decree and Marginal Field program further stimulated investment.

Angola has demonstrated that reform is most powerful when it is followed by execution

These measures have been accompanied by renewed investment from international and independent operators alike. TotalEnergies, Azule Energy, ExxonMobil and Chevron have since expanded their portfolios through license extensions at legacy assets and forays into Namibe and Benguela, while Shell and Petrobras returned to Angola’s deepwater basins in 2025. Onshore, independents are leading drilling and seismic campaigns, led by Afentra, Corcel, Etu Energias, Oando and more. Following a restructuring, Sonangol strengthened its status as an operator through projects spanning both onshore and offshore margins.

The investment push is translating into new production. Begonia and CLOV Phase 3 came online in 2025, collectively adding 60,000 barrels per day, while the commissioning of the Agogo FPSO supported the next phase of the Agogo Integrated West Hub Development. The Kaminho deepwater development is advancing toward a 2028 start, reinforcing the role of large-scale offshore investment in Angola’s long-term production outlook. With up to $70 billion in upstream investment planned over the next five years, the book argues that Angola’s experience offers lessons beyond its own borders: regulatory predictability, competitive fiscal terms and institutional reform can turn resource potential into sustained capital deployment.

“Angola has demonstrated that reform is most powerful when it is followed by execution. The country made difficult decisions, listened to investors, strengthened its institutions and created mechanisms that allowed capital to return to exploration and production,” states Ayuk.

The September 2 launch in Luanda will provide a platform to reflect on the industry’s transformation while looking ahead to the next phase of Angola’s oil and gas development. As new exploration, major projects and billions of dollars in investment move forward, Crude Oil presents Angola’s turnaround not as a completed chapter, but as a reform playbook whose ultimate success will be measured by sustained investment, production and economic impact.

To register, click here https://apo-opa.co/4wnVNZP.

 

Distributed by APO Group on behalf of African Energy Chamber.

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