The emergency loan decree supporting the transition from fossil fuels to clean energy is expected to offer low-interest loans at 1% to help households install solar panels at a more affordable cost, says Finance Minister Ekniti Nitithanprapas.He said the government is reviewing projects to be funded under the 200-billion-baht loan decree that is meant to accelerate Thailand's transition to green energy.
A screening committee chaired by finance permanent secretary Lavaron Sangsnit is reviewing proposed projects, emphasising transparency to ensure the funds are used efficiently and deliver maximum benefits to the public.
"To ensure the loan proceeds are spent effectively, the government established an expert screening committee to evaluate projects in the initial stage before forwarding them to a committee chaired by the finance permanent secretary for final consideration," Mr Ekniti said.
"The private sector will also participate in the review process to ensure the investment helps reduce Thailand's economic vulnerabilities and delivers tangible benefits to the public."
He said the primary objective of the loan decree is to protect the public from external shocks. Ongoing geopolitical conflicts and persistently high global oil prices have underscored the need to reduce Thailand's dependence on imported fossil fuels by accelerating the adoption of clean energy.
