Piyasvasti Amranand

Last updated
Piyasvasti Amranand
ปิยะสวัสดิ์ อัมระนันทน์
Piyasawat Amaranand.jpg
Minister of Energy
In office
9 October 2006 6 February 2008
Prime Minister Surayud Chulanont
Preceded by Wiset Chuphiban
Succeeded by Phunphirom Liptaphanlop
Personal details
Born (1953-07-11) July 11, 1953 (age 65)
Bangkok, Thailand
Nationality Thai
Spouse(s) Anik Amranand (née Wichiancharoen)
Profession CEO, Politician

Piyasvasti Amranand (Thai : ปิยสวัสดิ์ อัมระนันทน์; RTGS: Piyasavasti Ammaranan, born 11 July 1953) was Thailand's Energy Minister between 9 October 2006 and 6 February 2008. He is former Secretary-General of the Thai National Energy Policy Office, Chairman of Kasikorn Asset Management, and Chairman of Panel of Advisors for the CEO of Kasikornbank. He was President of Thai Airways International between October 2009 and June 2012. He is Chairman of PTT Public Company Limited, board member of Kasikorn Bank, and board member of Pruksa Holding public company limited. Piyasvasti also plays active roles in three non-profit organizations as founding and core member of the Energy Reform for Sustainability Group (ERS); Chairman of the Energy for Environment Foundation, a non-profit organization undertaking renewable energy and energy efficiency projects; and as president of the Ski and Snowboard Association of Thailand.

Thai language language spoken in Thailand

Thai, Central Thai, is the sole official and national language of Thailand and the first language of the Central Thai people and vast majority of Thai Chinese. It is a member of the Tai group of the Kra–Dai language family. Over half of Thai vocabulary is derived from or borrowed from Pali, Sanskrit, Mon and Old Khmer. It is a tonal and analytic language, similar to Chinese and Vietnamese.

The Royal Thai General System of Transcription (RTGS) is the official system for rendering Thai words in the Latin alphabet. It was published by the Royal Institute of Thailand.

Thailand Constitutional monarchy in Southeast Asia

Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a country at the centre of the Southeast Asian Indochinese peninsula composed of 76 provinces. At 513,120 km2 (198,120 sq mi) and over 68 million people, Thailand is the world's 50th largest country by total area and the 21st-most-populous country. The capital and largest city is Bangkok, a special administrative area. Thailand is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the southern extremity of Myanmar. Its maritime boundaries include Vietnam in the Gulf of Thailand to the southeast, and Indonesia and India on the Andaman Sea to the southwest. Although nominally a constitutional monarchy and parliamentary democracy, the most recent coup in 2014 established a de facto military dictatorship.



During the 1990s, Piyasvasti played a key role in deregulating and privatizing a number of energy-related state enterprises like PTT and power generation business. During his term as energy minister he implemented wide-ranging reforms in the energy sector, for instance, the end of oil price subsidies and repayment of the oil fund's massive debt due to the previous government's subsidy program; implementation of very aggressive policy to promote renewable energy (including biofuels), cogeneration and distributed generation; adoption of Euro 4 fuel qualities and introduction of vapour recovery systems for petrol stations; adoption of a number of standards and incentive programs for energy efficiency; awards of a large number of petroleum concessions, issuing of IPP solicitation; conclusion of a number of power purchase agreements for projects in Lao PDR; establishment of nuclear power program with a target for 4,000 MW of nuclear capacity in 2020-21; and amendment of a number of energy related laws.

PTT Public Company Limited other organization in Bangkok, Thailand

PTT Public Company Limited or simply PTT is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom, and is involved in electricity generation, petrochemical products, oil and gas exploration and production, and gasoline retailing businesses.

Distributed generation, also distributed energy, on-site generation (OSG) or district/decentralized energy is electrical generation and storage performed by a variety of small, grid-connected or distribution system connected devices referred to as distributed energy resources (DER).

The most important law passed during his term as energy minister was the Energy Industry Act to establish an independent regulatory body for electricity and natural gas. The law was also the most important factor which saved PTT Public Co, Ltd from being nationalized in a court case brought against the government and PTT by the Consumers Association.

He joined Thai Airways in October 2009 when the carrier was in financial trouble. He continued to implement the turnaround plan and introduced a long term strategic plan where the financial position of the company was substantially strengthened, embarked on the largest aircraft acquisition and retrofit program ever implemented at Thai Airways, and formed Thai Smile as an initial step to compete with low cost airlines. [1]

Thai Airways International Public Company Limited, trading as THAI is the flag carrier airline of Thailand. Formed in 1988, the airline has its corporate headquarters in Vibhavadi Rangsit Road, Chatuchak District, Bangkok, and primarily operates from Suvarnabhumi Airport. THAI is a founding member of the Star Alliance. The airline is the second-largest shareholder of the low-cost carrier Nok Air with a 21.80 per cent stake, and it launched a regional carrier under the name Thai Smile in the middle of 2012 using new Airbus A320 aircraft.

Thai Smile Airways is a Thai regional airline. It began operations in 2012 and is a wholly owned subsidiary of Thai Airways.


Piyasvasti was born in 1953, and graduated from Brasenose College, Oxford in 1975 with BA (first class honours) in mathematics. He later obtained MSc in econometrics and mathematical economics and a PhD in economics from the London School of Economics. [2]

Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". The first known use of the term "econometrics" was by Polish economist Paweł Ciompa in 1910. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar Frisch is credited with coining the term in the sense in which it is used today.

London School of Economics public research university in London, United Kingdom

The London School of Economics is a public research university located in London, England, and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas, and George Bernard Shaw for the betterment of society, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the University in 1901. The LSE started awarding its own degrees in 2008, prior to which it awarded degrees of the University of London.

See also

Related Research Articles

International Energy Agency intergovernmental organization

The International Energy Agency is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis. The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors.

Kasikornbank is a major banking group in Thailand. KBank was established on 8 June 1945 by Choti Lamsam, with registered capital of five million baht. It has been listed on the Stock Exchange of Thailand since 1976. The current chairman and CEO is Bantoon Lamsam, the grandson of the founder. In 2003, Thai Farmers Bank changed its name to KASIKORNBANK or KBank.

Energy Policy Act of 1992

The Energy Policy Act, effective October 24, 1992, is a United States government act. It was passed by Congress and set goals, created mandates, and amended utility laws to increase clean energy use and improve overall energy efficiency in the United States. The Act consists of twenty-seven titles detailing various measures designed to lessen the nation's dependence on imported energy, provide incentives for clean and renewable energy, and promote energy conservation in buildings.

Energy policy is the manner in which a given entity has decided to address issues of energy development including energy production, distribution and consumption. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy is a core component of modern economies. A functioning economy requires not only labor and capital but also energy, for manufacturing processes, transportation, communication, agriculture, and more.

Energy Policy Act of 2005 United States Law

The Energy Policy Act of 2005 is a bill passed by the United States Congress on July 29, 2005, and signed into law by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems, changed US energy policy by providing tax incentives and loan guarantees for energy production of various types.

Austin Energy

Austin Energy is a publicly owned utility providing electrical power to the city of Austin, Texas and surrounding areas. Established in 1895, the utility is a department of the City of Austin and returns its profits to the city's general fund to finance other city services. Austin Energy is the United States' 8th largest public utility, serving more than 440,000 customers and more than one million residents within a service area of approximately 437 square miles (1,130 km2), including Austin, Travis County and a small portion of Williamson County.

Energy in Taiwan

Taiwan relies on imports for more than 99.23% of its energy in 2008, which leaves the island's energy supply vulnerable to external disruption. In order to reduce this dependence, the Ministry of Economic Affairs' Bureau of Energy has been actively promoting energy research at several universities since the 1990s.

Greenpeace Nordic is a regional branch of the non-governmental international environmental organization Greenpeace. Greenpeace Nordic is registered in Stockholm with offices also in Helsinki, Copenhagen and Oslo.

Energy in Thailand

Energy in Thailand refers to the production, storage, import and export, and use of energy the Southeast Asian nation of Thailand. According to the Ministry of Energy, the country's primary energy consumption was 75.2 Mtoe in 2013, an increase of 2.6 percent over the previous year. According to British Petroleum, energy consumption was 115.6 Mtoe in 2013.

Energy in France is the energy and electricity production, consumption and import in France.

Energy policy of Australia

The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, although only the State and Federal levels determine policy for primary industries such as coal.

Chalongphob Sussangkarn is a Thai economist. He was the President of the Thailand Development Research Institute and later served as Minister of Finance in Surayud Chulanont's military junta. An ethnic Chinese of Hainanese origin, He replaced Pridiyathorn Devakula after Pridiyathorn abruptly resigned. Chalongphob joined several other TDRI-affiliated individuals who had Cabinet-level seats in the junta, including Deputy Prime Minister and Industry Minister Kosit Panpiemras and Energy Minister Piyasvasti Amranand. Prior to joining the cabinet, Chalongphob had no experience in government and was an economist.

Renewable energy commercialization

Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation technologies are market-ready and are being deployed at the present time; they include solar heating, photovoltaics, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation technologies require continued R&D efforts in order to make large contributions on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy. As of 2012, renewable energy accounts for about half of new nameplate electrical capacity installed and costs are continuing to fall.

Electricity sector in Mexico

As required by the Constitution, the electricity sector is federally owned, with the Federal Electricity Commission essentially controlling the whole sector; private participation and foreign companies are allowed to operate in the country only through specific service contracts. Attempts to reform the sector have traditionally faced strong political and social resistance in Mexico, where subsidies for residential consumers absorb substantial fiscal resources.

Renewable energy in China

China is the world's leading country in electricity production from renewable energy sources, with over double the generation of the second-ranking country, the United States. In 2013 the country had a total capacity of 378 GW of renewable power, mainly from hydroelectric and wind power. China's renewable energy sector is growing faster than its fossil fuels and nuclear power capacity.

Energy subsidies are measures that keep prices for consumers below market levels or for producers above market levels, or reduce costs for consumers and producers. Energy subsidies may be direct cash transfers to producers, consumers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. They may also include energy conservation subsidies. The development of today's major modern energy industries have all relied on substantial subsidy support.

Arjun Makhijani is an electrical and nuclear engineer who is President of the Institute for Energy and Environmental Research. Makhijani has written many books and reports analyzing the safety, economics, and efficiency of various energy sources. He has testified before Congress and has served as an expert witness in Nuclear Regulatory Commission proceedings.

The Ministry of Energy of the Kingdom of Thailand (MoE) is a cabinet ministry in the Government of Thailand. Its budget for fiscal year 2019 is 2,319 million baht.

Energy transition long-term structural change towards sustainable energy systems

Energy transition is generally defined as a long-term structural change in energy systems. These have occurred in the past, and still occur worldwide. Historic energy transitions are most broadly described by Vaclav Smil. Contemporary energy transitions differ in terms of motivation and objectives, drivers and governance.


  1. Mackey, Michael (2012-05-22). "Thai Airways removes president". Air Transport World. Retrieved 3 February 2016.
  2. "Executive Profile: Piyasvasti Amranand PhD". Bloomberg. Retrieved 4 August 2016.[ not in citation given ]