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EXIM Thailand Finances Sermsang Power Corporation Group’s Investment
in Alternative Energy Power Plants in Thailand and Abroad
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Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Varut Tummavaranukub, Chief Executive Officer of Sermsang Power Corporation Plc. (SSP), jointly signed an EXIM Thailand sustainability linked loan (SLL) agreement worth 2,000 million baht to finance SSP Group’s investment in renewable energy power plants both at home and overseas at EXIM Thailand’s Head Office on February 19, 2024.
EXIM Thailand’s financial support aims to support SSP Group’s sustainable business operations, leveraging on SSP’s expertise and experience in development of alternative energy power plants to promote eco-friendly clean energy and pave the way toward sustainable development goals. This is in line with EXIM Thailand’s aim to become the Green Development Bank, propelling the sustainable development of Thailand and ASEAN under the Alternative Energy Development Plan (AEDP) which higher consumption proportion of renewable energy and clean energy is targeted, and also under the ASEAN Energy Collaboration Plan thereby ASEAN member states have set a collective renewable energy capacity target of 35% of the region’s total power generating capacities by 2025. EXIM Thailand has rendered SLLs to Thai entrepreneurs which operate businesses with environmental, social and governance (ESG) frameworks. The Bank aims to support the development of future industries linked to the bio-circular-green (BCG) economy and enhance energy security in ASEAN while balancing economic, social and environmental growth on a sustainable basis.
