Energy Absolute PCL (EA) and Siam Commercial Bank (SCB) jointly signed a 2,000 million baht green load for the purpose of investment in electrifying public transportation (EV-buses) in Bangkok and surrounding vicinities. The Pay Pop business, an electric hire purchase business, supports EA towards a pollution free commercial EV bus business. Mr. Somphote Ahunai, CEO of Energy Absolute PCL and Dr. Yanyong Thaicharoen, Senior Executive Vice President Chief Executive Officer, Wholesale Business Group, Siam Commercial Bank attended the signing ceremony at SCB Academy, located at Siam Commercial Bank Headquarters recently.

             Mr. Somphote Ahunai, CEO of Energy Absolute PCL (EA), revealed that signing this green loan worth 2,000 million baht for a period of four years, strengthens the financial strength of the group, and increases the competitiveness of new S-Curve businesses. The purpose of singing this contract is to support the investment in Pay Pop Co., Ltd, a subsidiary of EA group, to manage the hire-purchase of electric buses. Phase 1 is a hire-purchase plan for operators providing public bus services in Bangkok and its vicinity. Through the adoption of these EV buses, it will elevate the quality of service, reduce pollution and be friendly to the environment. In addition to this, operations of this business can result in financial benefits through the exchange and lending of carbon credits. This is the first carbon credit exchange project in relation to electric public transportation in ASEAN.

             EA is focused on expansion of new businesses to support and build upon current operations of the group continuously. The singing of this green load from Siam Commercial Bank helps strengthen and enhance the potential of integrated electric vehicle businesses. Under Pop Pay Co., Ltd, the company will be able to achieve the aim to become the country’s leading clean energy innovation company with businesses that cover all aspects of energy management and electric vehicles, creating an electric vehicle eco system (EA’s EV Ecosystem). This is possible through utilizing the most modern and environmentally friendly technology for the highest benefit to all. Additionally, it helps build confidence and creates investment opportunities with partners in green businesses. These factors will be an important force for EA in growing and building society, the economy and the environment towards a sustainable pollution free future,” concluded Mr. Somphote.