EA joins forces with the Government of Lao People's Democratic Republic to create a Super Holding Company to pursue 7 GW of clean energy.

Mr. Sombut Ahonai, CEO, Energy Absolute Public Limited or EA It was revealed that the company signed a joint development agreement (Joint Development Convention) with the government of the Lao People's Democratic Republic (Lao PDR) to establish a joint venture company, Super Holdings, to centrally manage electrical energy from clean energy in Laos. PDR started. Lao initiative to be a distribution center. And fully manage clean energy in the country. Promoting the use of electric vehicle technology and creating added value for the country, increasing competitiveness and solving economic problems in the country. To be stable in the long term

The main mission of establishing Super Holding Company is to be a company that manages clean energy in the country in an integrated manner. Both assets manage overseas energy sales and are the main company that will be used to invest in clean energy businesses in the country. or any other related business in the future, with the Lao People's Democratic Republic retaining a majority shareholding. It will provide management rights by specialists, leading to fundamental economic reform of a self-reliant ecosystem to drive clean energy and create sustainable economic growth in Lao PDR.

In the first phase, the company will acquire more than 7 gigawatts of various dam projects to manage under the company and will act as an agent in managing renewable energy projects. And to manage total electrical energy exports, the company will receive an additional concession period of 25 years, and the government will further support the use of electric cars to reduce the country’s imports of crude oil. Besides granting EA the rights to manage the company and raise funds, EA aims to raise funds totaling US$1,000 million. To restore international reserves, reduce debt, restore the KIP currency, and increase investor confidence, in the medium term of 2-3 years, value-added projects such as floating solar energy storage systems will be built and the efficiency of various projects will be built. Expanding Laos' electricity export market Supporting the use of electric vehicles in Laos Along with expanding electric charging stations to cover the entire country to increase Laos' income and reduce oil imports, the EA will act as a key implementing authority and work with the Lao government.

“EA, a leading clean energy innovator with expertise in the fields of renewable energy. Renewable energy batteries and commercial electric vehicles is ready to support the government of Lao PDR in managing electricity from clean energy. Create new businesses in the green economy, and create export markets For carbon credit and green industries, including reforming the country's energy infrastructure to be ready for Lao PDR's future economic growth and supporting the national strategic goal of becoming the battery of Asia to be achieved as quickly as possible, Mr. Sompot said.

Currently, EA, as a person with experience in developing and managing renewable energy projects and has a complete production line of electric vehicles from the first gigawatt lithium-ion battery factory in ASEAN. It has a fully integrated fast charging system and a state-of-the-art vehicle assembly plant. It is also well known in the capital market. He made great fundraising transactions and many items have arrived. We are now poised to be a vehicle for transactions that can deliver benefits for the Lao PDR government and investors to achieve sustainable success.