On July 23, 2018, the Global Green Growth Institute (GGGI) and Provincial Electricity Authority Company Limited signed a Memorandum of Understanding (MoU) to promote Thailand’s Energy Efficiency program for the Small and Medium Enterprises (SMEs) in Thailand and enhance cooperation on energy efficiency.
This program aims to support SMEs in Thailand’s industrial sector to help them achieve the following: 1) Reduction in production cost through improvement in energy efficiency; 2) Increase in competitiveness; 3) Increased access to finance; 4) Reduction of greenhouse gas emissions and other negative environmental impacts and; 5) Sustainability. The main focus of the Program is on creating financial tools to address key barriers to greater energy efficiency (EE) investments in the SME sector. One of its key objective is to demonstrate the feasibility of a design concept on EE in the SME auto parts manufacturing and other industry sectors, develop a financing structure that can be replicated to be used for scaling up investments in EE. In this program, IIEC provides technical support to GGGI/PEA in designing On-bill financing (OBF)/Reparyment (OBR) mechanism to facilitate investments in EE improvements/projects by end-users. The OBR scheme will initially focus on the 5 most energy consuming end-uses/ technologies, i.e. lighting, air-conditioner, air-compressor, motor and VSD in the demonstration phase.
The MoU, signed by Ms. Hyoeun Jenny Kim, Deputy Director-General and Head of Green Growth Planning and Implementation Division, GGGI (left), and Mr. Saranyphong Atchavsunthon, Assistant Governor, Planning and Power System Development, PEA (right)
IIEC-Asia Pacific’s Director, Mr. Sommai Phon-Amnuaisuk (second from the left) Attended the MOU Signing of the Program
Credit photo: PEA