ANNOUNCEMENT 15 Sep 2016

On 15 September 2016, the Export-Import Bank of Thailand (EXIM Thailand) announced the provision of a financing loan for two solar farm projects in Japan.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Export-Import Bank of Thailand, EXIM Thailand Provides Financial Facility to Chow Steel Group’s Solar Farm Projects in Japan, 15 September 2016. Available at: http://www.exim.go.th/doc/adn/5900005976_0.pdf

Inception date: 15 Sep 2016 | Removal date: open ended
Still in force

Trade finance

On 15 September 2016, the Export-Import Bank of Thailand (EXIM Thailand) announced the provision of a financing loan for two solar farm projects in Japan.

Under the terms of the loan, EXIM Thailand will provide a loan of THB 3.36 billion (USD 96.36 million) to Thai enterprise Chow Steel Group to finance the construction of two solar power plant projects in Japan. The power plants will have a production capacity of 38 megawatts (MW), with an initial capacity of 50 MW.

This is in addition to another loan EXIM Thailand provided to Chow Steel group to expand its solar farm projects in Japan, which have a capacity of 47 MW.

In this context, the EXIM Thailand said "Chow Steel Group has been among Thai enterprises pioneering solar farm business in Japan over the past two years, with a target to supply solar power to Japan electricity authority on a 20-year term. ... It is thus a good opportunity for Thai investors to expand
energy business in Japan."

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A