EXIM Thailand Joins Forces with IEAT and 4 Financial Institutions in Supporting Reduction of Greenhouse Gas Emissions of Factories in Industrial Estates

Announcement date 23 March 2022
EXIM Thailand Joins Forces with IEAT and 4 Financial Institutions in Supporting Reduction of Greenhouse Gas Emissions of Factories in Industrial Estates
Mr. Charat Rattanaboonniti (third right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand); Mr. Veeris Ammarapala (third left), Governor of the Industrial Estate Authority of Thailand (IEAT); and executives from Krung Thai Bank Plc., Siam Commercial Bank Plc., Small and Medium Enterprise Development Bank of Thailand, and Thai Credit Guarantee Corporation jointly signed a Memorandum of Understanding on cooperation to promote and support financial schemes for energy conservation, use of alternative and renewable energy, and action to mitigate greenhouse gas emissions of factories in industrial estates at The Berkeley Pratunam Hotel on March 23, 2022. EXIM Thailand is ready for financing under its Solar Orchestra Scheme to businesses of all sizes wishing to invest in installation of solar rooftop system with a maximum credit line of 100% of the project investment cost, lowest interest rate of 2.75% per annum, a loan period of up to 7 years, eligibility for full-fledged carbon credit registration, and tax exemption of 50% of investment cost for 3 years from the Board of Investment (BOI). This aims to assist business sectors in lessening greenhouse gas emissions, and adapting to as well as coping with international environmental standards in pace with green economic advancement toward sustainable development.