Mr. Rak Worakitpokhathorn Managing Director Export-Import Bank of Thailand (EXIM Thailand) revealed that EXIM Thailand has a Green Bond fundraising program to support green businesses or businesses that care for the environment in a sustainable way. Credit limit not exceeding 5,000 million baht, 3-5 years old
However EXIM Thailand is in the process of establishing a Sustainable Financing Framework and setting interest rates for green bonds to be issued in September 2022.
He said the support for clean energy investment projects of EXIM Thailand aims to enhance the competitiveness of Thai entrepreneurs in the long term. both in terms of production costs Innovation and production technology development responding to consumer demand and solving global environmental problems in accordance with the rules, regulations and international environmental standards
However, Thailand is currently in the process of adapting to the development of future industries. EXIM Thailand has therefore accelerated its cooperation with the government and private sectors. as well as potential customers To jointly create a BCG economy that is in line with the development in both economic, social and environmental dimensions. as well as megatrends in the Next Normal era
Since the official opening in 1994 EXIM Thailand Expands Trade and Investment Support both at home and abroad by starting to support clean energy projects from hydroelectric power projects in Lao PDR
Later, it has been extended to support Thai entrepreneurs to develop the use of sunlight. Agricultural waste, waste, geothermal and wind to generate energy, such as solar power projects in Japan and Myanmar. Geothermal power plants in Japan Wind power plants in Vietnam
by EXIM Thailand is ready to fill the financial gap. especially in the early stages of projects where commercial banks are unable to take risks
in addition EXIM Thailand is also an innovator in developing the Carbon Market Ecosystem with a loan to invest in installing solar panels on the roof (Solar Orchestra), a 7-year loan facility, 100% of the investment to pay the contractors when the installation is complete. The lowest interest rate is 2.75% per annum with the right to register for carbon credits. and a tax exemption of 50% of the investment for 3 years from the Board of Investment (BOI) to help businesses save on electricity costs and solve global warming problems, with EXIM Thailand acting as a link between buyers and sellers and agencies. Comprehensive supervision He is also a founding member and director of the Thai Renewable Energy Association (RE100 Thailand Club), Thailand Carbon Neutral Network and Carbon Markets Club.
“For more than two decades EXIM Thailand plays the role of the Development Bank of Thailand. Connecting development in economic dimensions to society and environment by supporting 254 investment projects in clean energy in Thailand, CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) and Japan, total investment projects worth 370 billion baht, reducing carbon emissions by more than 100 million tons.”
This is a result of the readiness of EXIM BANK takes more risks than commercial banks. gave birth to a new industry And support Thai capital to go abroad to repair, build, strengthen and strengthen the development of Thailand and the world community as a whole,” said Mr. Rak.
