Index Living Mall on Tuesday announced a long-term plan to save energy, with an investment of more than Bt300 million to install a solar-roof system at its premises, starting at six factories and branches that require a high power supply.
The company expects a return on the investment in six years, said Ekalak Patamasatayasonthi, senior vice president for business development.
Moreover, the cost of electricity consumption can be reduced by more than Bt34 million annually as a result of the solar-roof investment, he added.
Index Living Mall has taken into consideration the importance of reducing the company’s rising electricity costs, in light of its higher energy demand and the global problem of climate change.
It wants to be part of the private-sector’s efforts to save energy and help reduce global warming, given its ecological effects and the impact on people’s health and way of life, he explained.
Clean energy is required, and the use of solar roofing is one effective energy-saving method that can also help save the environment, the executive said.
The company’s plan in the first instance is to install solar modules, akin to those on the roofs of residences and other buildings, to receive solar power and invert from direct-current to alternating-current electricity for use at six of its premises.
Initially, the solar-roof system will be installed at two factories – situated in Mahachai in Samut Sakhon province, and Rayong – as well as at four Index Living Mall stores, located in Ratchaphruek, Bang Na, Rama II and Pattaya.
These factories and branches have high demand for electricity usage, which costs about Bt264 million per year in total.
The solar-roof plan is expected to cut the annual electricity bill by up to Bt34 million, resulting in a cost saving of 13 per cent per annum, Ekalak said.
By 2027, the company expects to have saved up to Bt330 million on electricity costs, and from energy-tariff deductions under the Board of Investment’s support measures.
This long-term electricity-saving plan will not only help save money, but also reduce the risk of power outages in the summer, while also indirectly helping to reduce public electricity usage, the senior vice president said.