GPSC secures Bt8.6bn for power business expansion

business March 20, 2014 00:00

By The Nation

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Global Power Synergy (GSPC), a power generating unit of PTT Group, has secured a Bt8.6 billion financing facility to finance its business goal.

According to its chairman Surong Bulakul, GSPC aims to boosts its generating capacity per shareholding ratio to 6,000 megawatt within 2032.
"The generating business will be a core business of PTT, due to the increasing power demand within the group in line with business expansion. GPSC will be the power flagship business," he said.
GPSC aims to invest in domestic and overseas projects, encouraged by constant growth in power demand in the country as well as in Asean. The generating capacity in the country is expected to be at least 30 per cent of total. Meanwhile, renewable energy would account for no less than 5 per cent of total capacity. 
Joining the loan facility are Krungthai Bank, Bank of Ayudhya, Tisco Bank, Mizuho Corp and Government Savings Bank.