Thailand's private and public sectors are estimated to spend 690 billion baht ($19.4 billion) over the next three to five years on expanding capacity of petroleum, electricity and renewables to secure energy supplies, a senior official at energy ministry said on Thursday.

About 342 billion baht will be used for petroleum development, including expanding natural gas pipelines, building the second receiving terminal of liquefied natural gas (LNG) and others, Praphon Wongtharua, the ministry's deputy permanent secretary, told an industry seminar.

Some 121 billion baht will be spent on the electricity sector, with 102 billion baht for renewable energy and 126 billion baht for energy saving measures, Praphon said.

The projection was based on Thailand's new energy plan, which aimed to boost the proportion of renewables to 20 percent of total fuel mix by 2036 from 8 percent in 2014, he said.

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