EXIM BANK lends 500 million baht to Energy Absolute PCL. to expand battery production capacity to support the growth of electric vehicles.
Mr. Rak Worakijpokathorn, Managing Director Export-Import Bank of Thailand (EXIM BANK) signed with Mr. Amorn Sapthaweekul, Deputy Chief Executive Officer of Energy Absolute Public Company Limited (EA), to support loans linked to safety operations. Sustainable (Sustainability Linked Loan : SLL) of EXIM BANK in the amount of 500 million baht to support the production of batteries for EA in Bang Pakong District. Chachoengsao Province From the original production capacity of 1 gigawatt per hour to 4 gigawatt per hour.
EXIM BANK's support this time to promote EA's sustainable business operations, taking into account the environment, society and good corporate governance (ESG), covers businesses related to renewable and clean energy, including charging stations, electric vehicles. electric passenger boats, batteries and energy storage systems. EA is now a listed company on the Sustainable Stock Exchange (THIS) list for 5 consecutive years, in line with EXIM Thailand's goal of being a 'Green Development Bank', aiming to become a Carbon Neutral Organization. By 2030, join in pushing Thailand towards the goal of carbon neutrality (Carbon Neutrality) and net zero greenhouse gas emissions (Net Zero Emission), joining in the sustainable development of the country.
Source: Thai News Agency