FITCH ON GPSC No impact from planned investment in ERU project
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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).
