As stated by the ADB, the Asian Development Bank (ADB) has identified BANPU, one of the largest energy companies in Thailand, as a reputable player with a firm commitment to transitioning from conventional energy-based businesses to cleaner energy businesses.
ADB’s corporate loan to BANPU will finance two subprojects: (i) the financing and/or refinancing of up to 1,500 electric tuktuks (e-tuktuks) and associated charging stations to be used for the provision of micro-transit services in Bangkok, Thailand; the operation of affordable and environment-friendly e-tuktuks will help curb congestion and air pollution from the transport sector; and (ii) a 1.3-gigawatt-hour (GWh) expansion of a lithium-ion battery manufacturing facility in Jiangsu, PRC to be used primarily for electric mobility (e-mobility) applications worldwide.
Through the project, ADB will contribute to the integration of advanced electric vehicle (EV) manufacturing capabilities, the scaling up of the EV ecosystem in Asia, and the smooth transition of the auto industry from fossil fuel–powered vehicles to EVs. ADB’s financing will support BANPU’s plan to accelerate its transition to more green and sustainable businesses.
The ADB categorized the project risk as follows:
According to the ADB, the Clean Technology Fund will contribute to the project with a loan of US$ 10.68 million.
As stated by Bloomberg, Banpu Public Company Limited mines for coal and other minerals. The Company produces thermal coal and coking coal, and have expertise in open-pit and underground coal mining operations, as well as coal-fired power generation. Banpu PCL has business bases in Thailand, Laos, Indonesia, China, Australia and Mongolia.
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ADB Team Leaders:
Claire Alembik - Investment Specialist
Won Myong Hong, Principal Investment Specialist
No contacts provided at the time of project disclosure.
Client - BANPU Public Company Limited:
Address: 27th Floor, Thanapoom Tower, 1550 New Petchburi Road, Makkasan, Ratchathewi, Bangkok 10400 Thailand
Phone: +66 2694 6600
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.