Eco-car project among 15 investments approved by BOI

Economy July 19, 2014 00:00

By The Nation

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The Board of Investment has given the green light to 15 projects, including one for eco-cars, totalling Bt51.53 billion.

BOI secretary-general Udom Wongviwatchai said the board, chaired by junta chief General Prayuth Chan-ocha, yesterday approved investment promotion privileges for 15 projects including AutoAlliance (Thailand)’s Bt9.73-billion plan for production of eco-cars at Eastern Seaboard Industrial Estate, Rayong. AAT’s is the first-eco car project promoted by the BOI. According to its plan, local content worth more than Bt10 billion per year will be utilised with a development and technology transfer plan for Thai makers of auto parts and moulds.
Top SPP’s Bt12.5-billion electricity and steam project with capacity of 246.5 megawatt-hours in Chon Buri and Amata B Grimm Power (Rayong) 5’s Bt5.6-billion electricity and steam project with capacity of 142MWh in Rayong have also been approved. 
Other projects receiving investment promotion privileges include Chaiyaphum Wind Farm’s Bt6.06-billion wind-farm project, CP Ram’s Bt1.45-billion bakery project, Asahi Kasei Sponbond (Thailand)’s Bt1.76-billion non-woven fabric project, and Thai Beverage Energy’s Bt798-million biofuel and steam power project.
Udom said the new BOI board met yesterday for the first time since its inaugural meeting on June 18.
“During that [interim] period, there were several meetings of the subcommittee for reviewing projects and about 92 projects have been approved for total investment of Bt258.68 billion or 35 per cent of total value of projects reviewed previously. It’s a satisfactory result and all projects are expected to gain approval soon,” he said.