Tuesday, July 16, 2019

FITCH ON GPSC No impact from planned  investment in ERU project 

Jan 24. 2019
Facebook Twitter

By The Nation

2,479 Viewed

Fitch Ratings says Global Power Synergy Plc's (GPSC, A+(tha)/Rating Watch Negative) plans to invest in the Energy Recovery Unit Project (ERU) - a 250 MW thermal power plant that is part of Thai Oil Plc's (TOP, AA-(tha)/Stable) Clean Fuel Project (CFP) - will not have an immediate impact on GPSC's rating. 

 

The rating remains on Rating Watch Negative (RWN), mainly driven by the pending acquisition of GLOW Energy Public Company Limited (GLOW).

 

Tags:
Facebook Twitter
More in Business
Editor’s Picks
Top News