Original disclosure @ ADB website
Updated in EWS Apr 25, 2021
Disclosed by Bank Aug 28, 2020
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According to the bank's website, "The project entails a corporate loan with a 3-year tenor to support the ongoing renewable energy and sustainable transport activities of Energy Absolute Public Company Limited (Energy Absolute). The loan will be used to finance two of Energy Absolute's operating solar and wind projects in Thailand (the Nakornsawan Solar Power Project and the Hanuman Wind Power Project), as well as Energy Absolute's ongoing investment in a comprehensive electric vehicle charging network (EVCN) in Thailand. The loan is expected to be the first green loan in Thailand certified by the Climate Bonds Initiative and only the second in Asia. The assistance of the Asian Development Bank (ADB) will support Thailand's renewable energy sector, increase awareness about green loans, and support the transition from a conventional automotive industry to an electric vehicle industry in Thailand by establishing a comprehensive EVCN across Thailand's major cities. ADB's assistance will also support a leading clean energy and sustainable transport company in Thailand at a time when capital markets are still adjusting to the ongoing disruptions caused by the coronavirus disease (COVID-19) pandemic."
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Responsible ADB Officer Hong, Won Myong
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.