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Islamic Finance Briefing - Categorized | Banking, Finance more

Islamic Bank backs Songkhla

Posted on 14 September 2012

Songkhla Biomass Co has secured a Bt620-million project loan from the Islamic Bank of Thailand for its 9.9-megawatt power-plant project in Songkhla. Songkhla Biomass is a joint venture of Ratchaburi Electricity Generating Holding (Ratch), Precise Power Producers Co and Assiddeek Savings Cooperative.
Noppol Milinthanggoon, chief executive officer of Ratch, said yesterday that the JV was the first-ever model of community involvement in such a project, which was a key success during its development…………………………………….Full Article: Source

 
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