PROJECT

Projects

Summary of Investment Information

Project Number

49587

Company Name

Winchai Company Limited

Date SPI Disclosed

Feb 19, 2025

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Mar 26, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 28, 2025

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Mar 21, 2025
Signed : May 30, 2025
Invested : Jun 26, 2025

Sector

Wind Power - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

The proposed investment is a 15-year senior loan package of up to THB3,140 million, including up to THB1,570 million from the IFC A Loan and the remainder to be mobilized from one or two commercial banks as Parallel Loan(s) to Winchai Company Limited (Winchai or the Company), a wholly owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP or the Sponsor). The IFC A Loan will be used for refinancing Winchai's existing seven-year US$ loan which had been provided for a 45MW operational wind power plant in Thailand. The proceeds of the Parallel Loan (s) will be partially used for refinancing the balance of the same existing loan, and partially will be distributed to SSP for potential use in the acquisition, development and construction of RE project(s) in other SEA market(s) in the future.

 

Associated Advisory Engagement

The Project is expected to be accompanied by IFC's advisory support for the Sponsor to survey and validate new RE opportunities in other new SEA markets beyond Thailand, such as the Philippines.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation