ADB, GWTE Sign 16.6 Billion Baht Deal to Advance Industrial Waste Management in Thailand
Thailand, Feb. 6 -- The Asian Development Bank (ADB) has signed aggregate loan agreements totaling 16.6 billion baht (about $511.9 million) with 12 companies indirectly owned by Gulf Waste to Energy Holdings Company Limited (GWTE), a subsidiary of Gulf Development Public Company Limited (GULF). The financing will support energy generation from nonhazardous industrial waste, promote diversion from landfills, and reduce illegal waste disposal activities in Thailand.In addition to providing 3.0 billion baht ($91.9 million) from its ordinary capital resources, ADB was the environmental and social (E&S) coordinator of the transaction, mobilizing 13.6 billion baht ($420.0 million) from six parallel lenders. This mobilization ensures that borrower...
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