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TMB helps Nanyang Textile cut power bills.

Bangkok Post (Bangkok, Thailand)

| June 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Jun. 1--TMB Bank yesterday signed a 173-million-baht loan contract with Nanyang Energy, a unit of the Nanyang textile group, to finance a conversion project to change power sources from oil to coal.

The bank will finance 123 million baht of the loan, with the other 50 million baht coming from the Energy Conservation Fund. The fund, together with local banks, has set aside two billion baht for loans to help companies invest in machinery and equipment that will lead to energy savings. Funds from the Energy Conservation Fund carry an interest rate of 3 percent per year, with actual loan rates paid by borrowers under the programme of ...

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