World Bank, IFC prepare loan for Thailand
The World Bank via the Clean Technology
Fund and the International Finance Corporation (IFC) are ready to
extend soft loans of 700 million USD to help Thailand develop
alternative energy and boost the efficiency of its energy consumption,
according to Energy Minister Wannarat Channukul.
The World Bank via the Clean Technology
Fund and the International Finance Corporation (IFC) are ready to
extend soft loans of 700 million USD to help Thailand develop
alternative energy and boost the efficiency of its energy consumption,
according to Energy Minister Wannarat Channukul.
The combined loans will be provided at a low interest rate of 1.75 percent and a repayment period of 20-30 years.
The World Bank had assigned Thailand’s Energy Ministry to coordinate the lending, Wannarat was cited by Thailand News Agency as saying.
It also cited Jitendra Shah, Coordinator of the Social and Environmental Development Unit of the World Bank in ASEAN, as saying that the loans might be extended through the ESCO Fund or directly to the state/private sectors./.
The combined loans will be provided at a low interest rate of 1.75 percent and a repayment period of 20-30 years.
The World Bank had assigned Thailand’s Energy Ministry to coordinate the lending, Wannarat was cited by Thailand News Agency as saying.
It also cited Jitendra Shah, Coordinator of the Social and Environmental Development Unit of the World Bank in ASEAN, as saying that the loans might be extended through the ESCO Fund or directly to the state/private sectors./.