Thai coal leader Banpu boosts EV shift with $67m ADB loan

Funds to target electric tuk-tuks and charging stations as public transport goes green

20240123N Thailand MuvMi

Banpu will use the ADB loan for outlays including the purchase of 1,500 electric tuk-tuk three-wheeled taxis. (Banpu)

KOSUKE INOUE, Nikkei staff writer

BANGKOK -- Banpu, Thailand's biggest coal miner, has signed a 2.4 billion baht ($67 million) loan agreement with the Asian Development Bank as it urgently seeks to shift from reliance on coal and expand electric vehicle operations.

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