Wednesday, 29 May 2013

ADB to loan $85 million for three solar power plants in Thailand
15 Apr 2013

The Asian Development Bank will lend $85 million to Solarco, a unit of Thailand's second-biggest private power producer, for three solar plants. The 57 MWs of projects will be developed at three main sites in Nakhonpathom and Suphanburi provinces in central Thailand, ADB said in an April 12 statement on its website.

A $52 million loan has been approved for Solarco, a unit of Electricity Generating (EGCO2 Public Co. An additional $33 million will be given to Solarco through the ADB Clean Technology Fund. Electricity Generating plans to raise its installed capacity of renewable energy to more than 300 MWs by 2015 from 9.9 MWs of biomass and 64 MWs of solar capacity currently, according to the statement.