EXIM Thailand Provides Financial Support for GUNKUL Group
EXIM Thailand has rendered a 2,200-million-baht financial facility to the group of companies of Gunkul Engineering Public Company Limited to support their investment in alternative energy power plants, businesses related to the country’s infrastructures, and health-related cash crop business with a view to driving the BCG economy.
Mr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Somboon Aueatchasai, Chief Executive Officer of Gunkul Engineering Public Company Limited (GUNKUL), jointly signed a financial facility agreement, witnessed by Mr. Thitipong Techaratanayuenyong, Chief Financial Officer of GUNKUL and Mr. Ittipol Lertsakthanakul, Executive Vice President of EXIM Thailand, worth 2,200 million baht for GUNKUL and companies in the GUNKUL Group at EXIM Thailand’s Head Office on May 26, 2022. The facility is purposed to finance the Group’s development of renewable energy power plants both at home and overseas and businesses related to the country’s infrastructures development, such as construction contractor business, alternative energy power plant, electric substation and electrical transmission system business, and health-related economic crop business which covers hemp, a new cash crop with high potential.
EXIM Thailand President said that, EXIM Thailand as Thailand Development Bank has strived to support investment for national development and uplift competitiveness of Thai entrepreneurs. The Bank has thus supported new target industries regarded as the new engines in response to future global trends, comprising green, digital and health (GDH) businesses, and promoted the move toward the BCG economy in line with the National Strategy. GUNKUL Group has operated integrated renewable energy and electrical system businesses, which not only generate financial returns but also carry social and environmental merits. The Group has also diversified into integrated health-related hemp business as hemp has now been designated as a new cash or economic crop with high potential to add economic value and contribute to further integration in the new industry and export supply chains.
“This financial support for the GUNKUL Group represents part of our mission under the role of the ‘Thailand game changer’ by way of supporting Thai entrepreneurs in building new industries with high value added and in response to global trends toward the GDH businesses as well as the BCG economy. This aims to drive Thai economic growth alongside sustainable development in social and environmental dimensions,” added Mr. Rak.
