THURSDAY, March 28, 2024
nationthailand

Briefs

Briefs

CABINET NOD FOR ADB LOAN FOR HIGHWAY 22 PROJECT 


The Cabinet yesterday gave a green light to borrowings worth Bt6.808 billion from the Asian Development Bank (ADB) for the second phase of the Highways Department’s four-lane main-road construction project on Highway 22. 
 Nattaporn Jatusripitak, an adviser to Commerce Minister Apiradi Tantraporn, said the planned routes extended the project from Udon Thani-Sakon Nakhon, and Sakon Nakhon-Nakhon Phanom to Roi Et-Yasothon at a construction cost of Bt6.808 billion.
 The Cabinet also approved the project’s inclusion in the Finance Ministry’s external-borrowings plan for the current fiscal year, which commenced on October 1. 
 At the same time, the Finance Ministry was asked to discuss the new loan extension with the ADB, and the additional budget with the Budget Bureau. 
 Construction of the second-phase of the four-lane road project is expected to be carried out during 2017-2019. 
 
BCPG EYES DEALS ABROAD 
BCPG, a subsidiary of diversified oil refiner Bangchak Petroleum (BCP), is looking into investing in solar- and wind-power businesses in some Asian countries as it seeks to expand its renewable-power business portfolio.
BCPG president and chief executive officer Bundit Sapianchai said yesterday that the company was in talks with solar- and wind-energy providers in South Korea and the Philippines, and a wind-power deal in Taiwan. One of the potential deals, in Korea, could be for an energy-storage system.
BCP owned 70.35 per cent in BCPG as of late last month. BCPG currently owns domestic and overseas solar-power projects with aggregate installed capacity of 418 megawatts.

GGC SEEKS BT3 BN FROM SET 
Global Green Chemicals (GGC) recently submitted a filing to the Stock Exchange Commission for listing its shares on the local bourse, managing director Jirawat Nooritanon said.
 GGC, a wholly owned subsidiary of PTT Global Chemical (PTTGC), plans to raise Bt3 billion from the stock exchange to set up its second methyl-ester plant and form a joint venture to extract palm kernel oil, a raw material for fatty-alcohol production.
 “GGC will be the green chemical flagship subsidiary of PTTGC. We made about Bt800 million profit last year and aim to achieve at least the same number this year,” Jirawat said.
 The Bt3-billion fund-raising target includes only proceeds from the newly issued shares, since PTTGC has not yet decided whether it will also sell its existing shares in the subsidiary, he added.
 GGC is also waiting to see the government’s policy and incentives package to support biochemicals investment projects, as it has a plan to set up a “bio complex” for the production of biochemicals from sugar cane.
 

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