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ICBC (Thai) provides Bt 402 million loan to Thai Biogas Energy Co (TBEC) for construction of two new biogas projects in Southern Thailand
| Funder | Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBC Thailand) |
|---|---|
| Recipient Organization | Thai Biogas Energy Co., Ltd. (TBEC) |
| Country | Thailand |
| Start Date | May 01, 2014 |
| End Date | Sep 11, 2032 |
| Duration | 6,708 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96809 |
Grant Description
ICBC (Thai) provides Bt 402 million loan to Thai Biogas Energy Co (TBEC) for construction of two new biogas projects in Southern Thailand In May 2014, the Industrial and Commercial Bank of China (Thai) provided a Bt 402 million loan to Thai Biogas Energy Co (TBEC) for the construction of two new biogas projects.
The loan is guaranteed by GuarantCo.
In addition to this initial guarantee, GuarantCo has in principle approved providing further guarantees to TBEC of about US$7 million (Bt230 million) equivalent, and is considering increasing that to about $17 million.
The two projects convert the wastewater from agri-processing factories to generate biogas, which is supplied to the host factories to reduce their fuel costs substantially.
The smaller project with a capacity of 2.8 megawatts is already under construction and is the first large-scale biogas project in Phang Nga. The second project is an expansion of the existing TBEC Tha Chang Biogas project with an additional 4.2MW.
The two new projects will be located in the Southern region and will add 30 percent to TBEC’s capacity, to 35 million normal cubic meters of biogas per annum.
Sources & References
- ICBC (Thai)
- GuarantCo collaborate on Bt402m loan to Thai Biogas Energy Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Thai Biogas Energy Co., Ltd. (TBEC)
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