Bangchak touts EV ecosystem
Mostly state-owned energy firm Bangchak Corporation is stepping up efforts to diversify into the electric vehicle market by developing an EV ecosystem for several thousand motorcycle taxis. Bangchak launched the Winnonie project to pilot a plan to build battery service facilities, with help from a new mobile app.
Thailand receives $5m grant to reduce HFC emissions
THAILAND: The World Bank has provided Thailand with a grant of $5m to fund projects to reduce HFC emissions. The money from the Multilateral Fund for the Implementation of the Montreal Protocol will assist Thailand in its drive to introduce environment-friendly production into its industries. Thailand is the second-largest producer of air conditioners in the world, manufacturing […]
Thailand offers 45.7-million-USD loan for Myanmar’s electricity development
Bangkok (VNA) – Thai Government has approved a concessional loan worth 1.45 billion baht (45.7 million USD) to help Myanmar improve its electricity system. Rachada Dhnadirek, Thailand’s deputy government spokeswoman, said on July 14 that the loan is part of the country’s initiative to strengthen ties with neighbouring countries.
Euro 5 upgrade delayed at 6 refineries
The enforcement of Euro 5 emissions standards will be postponed from 2024 after lockdown measures halted upgrade plans at six refineries, says the Energy Business Department. The upgrade requires technical help from overseas experts who are unable to visit Thailand because of travel restrictions imposed during the pandemic, said department chief Nanthika Thangsupanich.
IEAT to seek more waste-to-energy help
The Industrial Estate Authority of Thailand (IEAT) will ask energy officials to increase support of waste-to-energy schemes to better dispose of increasing amounts of industrial waste caused by state promotion of domestic investment.
PTT sells Asia’s longest dollar bond, raises $700 mln
HONG KONG, July 10 (Reuters) – Thailand’s largest energy company PTT raised $700 million from the sale of a 50-year bond in Asia’s longest dollar corporate debt deal, and bankers believe the shift towards longer-dated tenors in the region will continue. The bonds were priced to yield 3.7% in the deal that was executed overnight […]
Thai firm buys two wind power farms in VN across from Cambodia
Thailand’s Gulf Energy Development Plc has announced the purchase of two wind power farms worth $200 million in Vietnam. The move aims to take advantage of low building costs and a quick return on investment. The company reported to the Stock Exchange of Thailand that it entered into a share purchase agreement with Dien Xanh Gia Lai […]
GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first.
The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand as its first new market. GCPF is set to invest USD 10 million in the solar firm.
