The Nava Nakorn Electricity Generation Co (NNEG), a joint-venture between Ratchaburi Electricity Generating Co, Nava Nakorn, and PTT, has secured a Bt4.77-billion syndicated loan with a 20-and-a-half-year maturity period from Kasikorn Bank, Bank of Ayudhya, and TMB bank.
The loan will enable the company to proceed with the 122-megawatt Nava Nakorn Cogeneration power project.
The project is scheduled to start commercial operations in 2016.