Thai utility GPSC to acquire 39.5 MW of solar energy ability in Thailand

• Thai power manufacturer Global Power Synergy PCL (BKK: GPSC) has actually authorized a bargain to obtain the holding companies for 9 solar energy centers with an integrated capability of 39.5 MW.

Especially, the firm has actually consented to take control of NPS Star Group Carbon Monoxide Ltd, World X Change Asia Carbon Monoxide Ltd, PP Solar Carbon Monoxide Ltd as well as TerraForm Operating (Thailand) Carbon Monoxide Ltd

These companies hold plants situated in Phichit, Suphanburi, Lopburi and also Khon Kaen district that market electrical power under a 25-year agreement with Provincial Electricity Authority (PEA). The existing power acquisition contract (PPA) will certainly run till 2039-2040, according to the statement.

The business became part of the acquisition arrangement via its 100%-possessed system Global Renewable Power Carbon Monoxide Ltd (GRP). It did not reveal the worth of the purchase.