Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), jointly with Mr. Shiqiang Lin, Chief Executive Officer of Industrial and Commercial Bank of China (Thai) Plc. (ICBC (Thai)), and Mr. Jormsup Lochaya, Chairman of the Board of Super Energy Corporation Plc. (SUPER), recently at EXIM Thailand’s Head Office signed a financial facility agreement worth 38.39 million US dollars for Thinh Long Phu Yen Solar Power Joint Stock Company, which is established in Vietnam and wholly owned by SUPER Group for its investment in a solar power plant with a generating capacity of 50 MW in Phu Yen Province, Vietnam.
EXIM Thailand has collaborated with ICBC (Thai) and ICBC Hanoi in providing the credit facilities to promote and encourage Thai investors with high potential to invest in renewable energy projects in response to demand from both public and private sectors in Vietnam after the Vietnamese government’s liberalization of renewable energy business under the National Energy Development Master Plan. According to the plan, solar power generating capacity is targeted to jump from 850 MW in 2020 to 12,000 MW within 10 years. This financial support is in line with the Thai government’s policy to foster connectivity within ASEAN and expand Thailand’s economic cooperation with the neighboring countries toward sustainable national and regional development going forward.
