Bangkok--14 Nov--EXIM BANK
Mr. Pisit Serewiwattana (center), President of Export-Import Bank of Thailand (EXIM Thailand), and Dr. Pongrak Chindasombatcharoen (right), Chairman of Executive Committee of Thai Luxe Enterprises Plc. (TLUXE), and General Chaowarit Prapajit (left), Chief Executive Officer of TLUXE, jointly signed a financial facility agreement worth 2,205 million yen, equivalent to around 661.50 million baht, at EXIM Thailand's Head Office to finance TLUXE's investment in eight geothermal power plant projects with a total generating capacity of 1,000 kW or equivalent to solar power plant with installed capacity of 8 MW in Beppu, Oita Prefecture, which is Japan's largest source of hot springs. The company has planned power sales to Kyushu Electric Power Company at a tariff rate of 40 yen/unit over a 15-year term.