Banpu borrows money from ADB to enter electric tuk tuk business

Bangkok, Banpu Public Company Limited signed a loan contract worth 2.4 billion baht with the Asian Development Bank (ADB), including a loan with flexible conditions in the amount of 10.7 million USD. From the Fund for Clean Technology (ADB-Administered Clean Technology) supports the service business of 1,500 6 seat electric tuk tuks and related businesses. Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited, said that the financial support from ADB will be used for operations. Supporting the business of 1,500 6-seat electric tuk-tuks and related businesses, including battery charging stations for small transportation in the Bangkok area Including expanding the production base of lithium-ion batteries for electric vehicles to 1.3 gigawatt hours. in Jiangsu Province People's Republic of China This funding will help strengthen Banpu's energy technology business. and supports accelerating the transition to a cleaner and smarter energy business (Greener and Smarter) according to B anpu's policy. We are in the process of expanding our portfolio of cleaner energy businesses, including energy technology businesses, through Banpu Company. Pu Next Co., Ltd. to support global energy trends Mrs. Suzanne Kabouri, Director of the Private Sector Operations Office Asian Development Bank says ADB is committed to reducing global greenhouse gas emissions. Including promoting access to stable energy. Reasonable price and has a low carbon content throughout Asia-Pacific This is in line with Banpu's Greener and Smarter strategy. It is hoped that this cooperation will help promote the use of electric vehicles in the public transportation sector. This will be an important change factor leading to the Sustainable Development Goals (SDGs). Currently, Banpu Nex's e-mobility business provides electric tuk-tuk services through MuvMi in the form of ride sharing, covering 12 areas in central Bangkok. and has more than 3,000 service points for energy storage systems. The company has a business that covers the entire supply chain. Including battery solution services that reach their full potential. since production Distributor of batteries Reuse and recycling of batteries used in electric vehicles and power backup batteries For solar power plants and renewable energy power plants. Source: Thai News Agency