Saturday November 18, 2017 04:31

THAI LUXE ENTERPRISES Press Releases

Photo Release: EXIM Thailand Provides Financial Facility to Thai Luxe Enterprises Plc. Pioneering Geothermal Power Plant Business in Japan Stcoks—14 Nov 17

Mr. Pisit Serewiwattana (center), President of Export-Import Bank of Thailand (EXIM Thailand), and Dr. Pongrak Chindasombatcharoen (right), Chairman of Executive Committee of Thai Luxe Enterprises Plc. (TLUXE), and General Chaowarit Prapajit (left),

EXIM Thailand Provides Financial Facility to Thai Luxe Enterprises Plc. Pioneering Geothermal Power Plant Business in Japan Stcoks—14 Nov 17

Bangkok--14 Nov--EXIM BANK

EXIM Thailand signed a financial facility agreement worth 2,205 million yen or approximately 661.50 million baht with Thai Luxe Enterprises Plc. to support the company's investment in eight geothermal power plant projects with a total capacity of 1,000 kW on Kyushu island of Japan.

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), and Dr. Pongrak Chindasombatcharoen, Chairman of Executive Committee of Thai Luxe Enterprises Plc. (TLUXE), and General Chaowarit Prapajit, Chief Executive Officer of TLUXE, jointly signed a financial facility agreement worth 2,205 million yen, equivalent to around 661.50 million baht, at EXIM Thailand's Head Office to finance TLUXE's investment in eight geothermal power plant projects with a total generating capacity of 1,000 kW or equivalent to solar power plant with installed capacity of 8 MW in Beppu, Oita Prefecture, which is Japan's largest source of hot springs. The company has planned power sales to Kyushu Electric Power Company at a tariff rate of 40 yen/unit over a 15-year term.

EXIM Thailand President said EXIM Thailand is ready to render financial support to Thai entrepreneurs investing overseas, especially in new types of power business. TLUXE is the first Thai enterprise to engage in geothermal power plant business in Japan, using