Regional : BANPU Electric Tuktuks and Battery Project
Project Details
-
Project Officer
Pascual, Francis Mark A.
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Sector
- Energy
- Project Name
- BANPU Electric Tuktuks and Battery Project
- Project Number
- 57015-001
- Borrower / Company
- BANPU Public Company Limited
- Country / Economy
- Regional
- China, People's Republic of
- Thailand
- Location
- China - Jiangsu; Thailand - Bangkok
- Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status 4359 Loan Ordinary capital resources USD 70.60 million Committed 8457 Loan Clean Technology Fund USD 10.68 million Committed - Operational Priorities
- OP1: Addressing remaining poverty and reducing inequalities
- OP2: Accelerating progress in gender equality
- OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
- OP4: Making cities more livable
- Sector / Subsector
Energy / Energy efficiency and conservation
Transport / Urban public transport
- Gender
- Effective gender mainstreaming
- Project Sponsor(s)
- Description
- Objectives and Scope
- The ADB financing will provide support for two distinct subprojects. The first subproject focuses on the financing and/or refinancing of up to 1,500 fully electric six-seater e-tuktuks operated by Urban Mobility Tech Company Limited (UMT), BANPU's associate company, and associated charging infrastructure for the provision of e-tuktuk charging services.
- Linkage to Country/Regional Strategy
- The project supports four of the seven operational priorities (OPs) identified in ADB's Strategy 2030: addressing remaining poverty and reducing inequalities (OP1); accelerating progress in gender equality (OP2); tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability (OP3); and making cities more livable (OP4). The project aligns with ADB's country partnership strategy for Thailand, 20212025, which calls for continued ADB investment in EVs and sustainable transport systems and expanding the urban mass transport to improve connectivity and strengthen the resilience, sustainability, and competitiveness of Thailand's transport sector. The project also aligns with ADB's country partnership strategy for the PRC, 20212025, which promotes sustainable low-carbon transport systems and private sector investment.
Safeguard Categories
- Environment
- B
- Involuntary Resettlement
- C
- Indigenous Peoples
- C
Summary of Environmental and Social Aspects
- Environmental Aspects
- ADB will be financing Banpu Next's investment in a) Urban Mobility Tech Company Limited (UMT) which will go towards expansion of E-tuktuk operation in Bangkok and b) Durapower EV battery manufacturing in the PRC. BANPU implements environmental, health, safety and social management policies and procedures, including environment, occupational health and safety (OHS), climate change, sustainability, human rights and community related policies, and specific operational management procedures. Subsidiaries including BNGL, UMT and Durapower also implement their own environmental and social policies and procedures. Banpu will enhance its ESMS to meet ADB's safeguards and social requirements satisfactory to ADB which will be cascaded down to the subprojects within agreed timeframes as set out in the initial Corrective Action Plan. BANPU will report regularly to ADB on its investments' compliance with applicable safeguards and social requirement laws and the implementation of the ESMS satisfactory to ADB.
- Involuntary Resettlement
- UMT and BANPU will only be leasing space for parking space and e-charging stations from existing buildings in Bangkok. Meanwhile, expanding the manufacturing capacity of Durapower will be limited within the leased manufacturing compound and will not require additional land acquisition. There are no identified land legacy issues or grievances related to the industrial zone. Both sub-projects will not result to physical or economic displacement.
- Indigenous Peoples
- The e-tuktuk subproject will operate in Bangkok, Thailand while the Durapower manufacturing facility is located in an existing industrial zone in Jiangsu, China. There are no identified distinct and vulnerable Indigenous Peoples in both areas. The subprojects will not directly and indirectly affect distinct and vulnerable Indigenous Peoples.
- Stakeholder Communication, Participation, and Consultation
- At the corporate level, BANPU discloses its annual reports and sustainability reports on its website, conducts stakeholder engagement activities and has a functioning community complaint management. At the subproject level, UMT and will formalize a stakeholder engagement plan and external grievance redress procedure.
Contact
- Responsible ADB Officer
- Pascual, Francis Mark A.
- Responsible ADB Division
- Portfolio Management Division, PSOD
- Responsible ADB Department
- Private Sector Operations Department
Timetable for assistance design, processing, and implementation
- Concept Clearance
- -
- Credit Committee Meeting
- -
- Approval
- 18 Oct 2023
- Last PDS Update
- 29 Mar 2024
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| BANPU Electric Tuktuks and Battery Project: Preliminary Poverty and Social Analysis | Initial Poverty and Social Analysis | Dec 2023 |
| BANPU Electric Tuktuks and Battery Project: Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2023 |
| BANPU Electric Tuktuks and Battery Project: Gender Action Plan | Gender Action Plans | Nov 2023 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
| Title | Document Type | Document Date |
|---|---|---|
| BANPU Electric Tuktuks and Battery Project: Environmental and Social Safeguard Due Diligence Report | Safeguards Due Diligence Reports | Jan 2024 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB’s Support to E-Mobility Transition in Thailand
ADB supports Thailand’s transition to e-mobility with private capital mobilization amounting to more than $450 million for rail and road sectors. Technical and innovative finance solutions for green transport are critical to scale up private capital needed for Thailand’s net-zero commitments by 2065.ADB, BANPU Sign 2.4 Billion Thai Baht Deal to Support Electric Tuktuks in Thailand and Battery Production in PRC
ADB and BANPU Public Company Limited signed a 2.4 billion baht loan to support the financing of 1,500 six-seater electric tuktuks and related charging stations for micro-scale transit services in Bangkok, Thailand. The funding will also support a 1.3-gigawatt-hour expansion of a lithium-ion electric vehicle battery manufacturing facility owned by the company in Jiangsu province in the People’s Republic of China.