ADB backs waste-to-energy plants in Thailand

The Asian Development Bank (ADB) has signed loan agreements totaling 16.6 billion baht (US$512 million) with 12 companies indirectly owned by Gulf Waste to Energy Holdings Company Limited (GWTE), a subsidiary of Gulf Development Public Company Limited (GULF). The loans will fund power generation from industrial waste, promote diversion from landfills, and curb illegal waste disposal in Thailand. This investment supports the development of waste-to-energy infrastructure, contributing to cleaner energy production and improved waste management practices.