Wahyu Dwi Anggoro
IDXChannel - The Asian Development Bank (ADB) and BANPU Public Company Limited signed a THB2.4 billion loan to support the financing of 1,500 six-seater electric tuktuks (e-tuktuks) and related charging stations for micro-scale transit services in Bangkok, Thailand.
The funding will also support a 1.3-gigawatt-hour expansion of a lithium-ion electric vehicle battery manufacturing facility owned by the company in Jiangsu, China.
The package also includes a concessional loan of up to USD10.7 million from the ADB-administered Clean Technology Fund. ADB will also implement technical assistance, funded by the ASEAN Catalytic Green Finance Facility, to assess the potential for micro-scale transit services in other Southeast Asia cities.
“Asia and the Pacific accounts for more than half of global greenhouse gas emissions, and innovative solutions such as electric vehicles for micro-scale transit can ease the transition from fossil fuels,” said ADB Director General for Private Sector Operations Suzanne Gaboury in a media relase on Tuesday (23/1/2024).
“Electric vehicle adoption into the public transport sector is a powerful game changer that can help to cut emissions at densely populated urban centres right across the region," Gaboury added.
