46536
SERMSANG PALANG NGAN CO., LTD
Dec 14, 2023
Thailand
East Asia and the Pacific
Oct 27, 2022
B - Limited
Active
Dec 14, 2023
Regional Industry - INF Asia & Pac
Infrastructure
Approved : Oct 31, 2022
Signed : Dec 23, 2022
Invested : Jun 28, 2023
Solar - Renewable Energy Generation
The investment involves providing a long-term senior secured green debt package of up to THB2.4 billion (US$67 million) to Sermsang Palang Ngan Company Limited (“SPN”, “Company” or the “Borrower”), a wholly owned subsidiary of Sermsang Power Corporation Public Company Limited (“SSP” or the “Sponsor”) for financing the Company’s 52 MWp operational solar power plant in Thailand (the “Project”). The proposed investment consists of an (i) A Loan of up to THB1.2 billion (US$33.5 million) and a (ii) parallel loan for an equivalent amount.
Proceeds of IFC A and parallel loan shall be utilized to refinance existing project debt of SPN (for an existing solar project located in Lopburi, Thailand) and the corporate debt of SSP in total around THB1,566 million (c.US$44 million) while the balance amount from the parallel lender would be utilized by the Sponsor to finance the acquisition, development and construction of renewable energy projects (solar farms, solar rooftops, wind and biomass) across Asia. No IFC funds will be used to acquire or develop other projects identified by the Sponsor.
There are no advisory services associated with this investment.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
325/14 Lanluang Rd, Mahanak Square, Dusit, Bangkok 10300 Thailand