Mr. Charkapong Osangthamnont (right), First Senior Vice President of KBank, Mr.Ittipol Lertsakthanakul (left), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM BANK), and Mr. David Lawrence Michaels (center), Chairman of the Board of Directors and Managing Director of GMS Power PCL. and Director of RE Energy Co., Ltd., jointly signed an agreement to provide 410 million Baht in green loan for RE Energy Co., Ltd., a renewable energy producer and distributor, and a subsidiary of GMS Power PLC, the largest electricity generator in Thailand and ASEAN. KBank and EXIM BANK are each providing 50 percent of the loan amount. The agreement signing ceremony took place recently at KBank, Phahon Yothin Head Office.
The objective of this financial facility is to fund the construction of a floating solar power plant with a generating capacity of 21.49 megawatts, located in Gateway City Industrial Estate, Chachoengsao. The plant will generate clean energy to be sold through a long-term Power Purchase Agreement (Private PPA) to electricity buyers. This project contributes to positive social and environmental change while helping electricity buyers achieve their net zero commitment for greenhouse gas emissions. The initiative aligns with the operational strategies of both banks, which are committed to providing financial services that foster business sustainability and support Thailand in reaching its net zero target.