Mr. Sirote Vichayabhai, Executive Vice President of the Credit Product Division of Siam Commercial Bank noted that, "Siam Commercial Bank has realized the importance of conserving energy, which is one of the fundamental factors necessary for the economic development of the country and improvement of the living conditions of the people. To achieve this objective, the Ministry of Energy has initiated a revolving Energy Saving Loan as a financial tool to assist business operators. SCB has signed an MOU to provide a soft loan with a low interest rate of 3.5% for a maximum period of 5 years and a maximum credit line of 50 million baht per project to business operators seeking to install energy efficient equipment or construct new buildings to conserve energy. Recognizing the importance of conserving energy, SCB has continuously supported the project for the benefit of our nation, while also increasing the competitiveness of Thai business operators."
Facilities eligible to participate in the loan scheme are buildings / factories established under the Energy Conservation Promotion Act B.E. 2535 (1992). The credit facility must be used for implementing a system to prevent loss of energy, or to reuse excess capacity, or to improve power systems to be compatible with machinery or equipment for maximum efficiency, including systems and materials to control and conserve energy. Qualified buildings must be able reduce heat from the sun into the building, use building materials to help save energy, and be buildings using systems provided by the Energy Service Company (ESCO) or new buildings qualified under energy saving criteria.