Banpu spends USD 72m in Sunseap

• Thailand-based power services firm Banpu PCL (BKK: BANPU) has actually spent SGD 100 million (USD 71.9 m/EUR 66.3 m) in Sunseap Group Pte Ltd, the Singapore-based tidy power company claimed on Friday.

The most up to date financial investment complies with a sell September 2017, when Banpu took a 25.7% risk in Sunseap for SGD 75 million via its system Banpu Infinergy Carbon monoxide Ltd, ending up being the business's most significant investor. The system will certainly enter into Banpu NEXT, which will certainly be Banpu's front runner business in its tidy power profile, as part of a restructuring that is because of be full this month.

Sunseap kept in mind that the most up to date financing round adheres to a SGD-50-million financial investment from personal equity fund ABC World Asia and also investment firm Temasek Holdings Private Limited in January.

The firm will certainly utilize the brand-new funds to back its projects and also growth throughout Asia.

Sunseap currently has a complete capability of 1.7 GWp, consisting of projects in operation, unfinished as well as under growth in the Asia-Pacific area.