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Eknat Requests 400 Billion Loan for Energy Transition

Eknat Requests 400 Billion Loan for Energy Transition

Matichon•Politics•25m ago

Reader Briefing

Energy Minister Eknat Promphan requested parliamentary approval for a 400 billion baht loan to support the country's energy transition.

  • •Energy Minister Eknat Promphan presented the loan request during a House of Representatives meeting on August 26.
  • •The requested loan amount is 400 billion baht under an emergency decree for energy crisis resolution and transition.
  • •The government previously used an emergency decree to obtain 17,442 million baht from oil refineries to reduce pump prices.

Overview

  • •On August 26, the House of Representatives held a meeting presided over by Second Deputy Speaker Lertsak Pattanachaikul.
  • •Energy Minister Eknat Promphan clarified the need for a 400 billion baht loan under the Emergency Decree Empowering the Ministry of Finance to Borrow Money to Resolve Energy Crisis and Create Energy Transition 2026.
  • •Energy Minister Eknat Promphan stated that the government does not prefer borrowing and has attempted to solve problems through policy rather than money alone.
  • •Energy Minister Eknat Promphan reported that the government under Anutin's administration used an emergency decree to take 17,442 million baht from refineries to lower pump prices.
  • •Energy Minister Eknat Promphan stated that because Thailand imports more than 90 percent of its oil and cannot drill for its own, an energy transition is necessary.
  • •Energy Minister Eknat Promphan requested the loan specifically for the portion that promotes the energy transition.

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Source: Matichon (Original)

Key Entities

Person

Eknat Promphan(เอกนัฏ พร้อมพันธุ์)
The Minister of Energy who requested a 400 billion baht loan for energy transition.
Anutin(อนุทิน)ℹ️
The leader of the administration under which the current government is managed.
Lertsak Pattanachaikul(เลิศศักดิ์ พัฒนชัยกุล)
The Second Deputy Speaker of the House of Representatives who presided over the meeting.

Organization

House of Representatives(สภาผู้แทนราษฎร)ℹ️
The legislative body where the loan request was considered.
Ministry of Finance(กระทรวงการคลัง)ℹ️
The ministry empowered to borrow money under the emergency decree.
Ministry of Energy(กระทรวงพลังงาน)ℹ️
The ministry headed by Eknat Promphan.

Place

Parliament(รัฐสภา)ℹ️
The location where the House of Representatives meeting took place.

Law

Emergency Decree Empowering the Ministry of Finance to Borrow Money to Resolve Energy Crisis and Create Energy Transition 2026(พระราชกำหนด(พ.ร.ก.)ให้อำนาจกระทรวงการคลังกู้เงิน เพื่อแก้ไขปัญหาผลกระทบจากสถานการณ์วิกฤตด้านพลังงานและสร้างการเปลี่ยนผ่านด้านพลังงานของประเทศ พ.ศ.2569)
The law used to authorize a 400 billion baht loan for energy transition.