Bangkok:The Cabinet has granted approval for the Provincial Electricity Authority (PEA) of Thailand to secure a domestic loan of 10,406 million baht. This funding is intended to support 11 significant projects outlined in the long-term plan for 2025.
According to Thai News Agency, the decision comes as part of a broader strategy to finance investments in new long-term plans for the PEA by 2025. Ms. Ploytalay Laksmisangchan, Deputy Spokesperson for the Prime Minister's Office, announced that the borrowing will be implemented gradually as needed, based on a proposal from the Ministry of Interior.
The approved projects encompass a total budget of 13,880.19 million baht, with 3,474.19 million baht expected from revenue and the remainder from domestic loans. The projects include an Operational Support Plan, a Digital Communication and Telecommunications Action Plan, and a Digital Action Plan for Systems and Platforms, among others. Each initiative is designed to enhance efficiency, improve infrastructure, and ensure the continuous supply and management of electricity across the country.