Exim funds solar project of PEA ENCOM
The Export-Import Bank of Thailand (EXIM Thailand) has signed a credit facility worth Bt1.15 billion with state enterprise PEA ENCOM International Co Ltd to finance its investment in the installation of 40 mega watts solar rooftop systems for industrial plants nationwide. PEA ENCOM International Co Ltd is a subsidiary of the Provincial Electricity Authority (PEA).
EXIM Thailand’s senior executive vice president Warangkana Wongkhaluang said that the financial support to PEA ENCOM aims to promote electricity generation from solar panels - a clean, sustainable and environmentally friendly renewable energy source with high potential. It will not only contribute to the country's energy conservation and environmental protection, but also reduce consumption of fossil fuel-based electricity and save entrepreneurs' production costs, in line with the government policy of sustainable national development.
