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SATURDAY, December 10, 2022
GPSC expects 2021 to be a good year

GPSC expects 2021 to be a good year

WEDNESDAY, February 24, 2021

Global Power Synergy (GPSC) expects its performance this year to improve thanks to a 4-per-cent increase in the demand for electricity.

Thitipong Jurapornsiridee, GPSC chief financial officer, said the cost of natural gas should remain unchanged.

“We also expect a revenue gain of Bt800 million from the acquisition of Glow Energy, up from Bt701 million in 2020,” he said.

He added that GPSC will also cooperate with PTT on the expansion of its clean energy business in Myanmar, Vietnam, Taiwan, India and China, which have good growth potential.

“The company aims to boost the production of clean energy from 12 per cent to 30 per cent in the next five years in line with PTT’s mission to increase its clean energy production capacity to 8,000 megawatts within 10 years,” he said.

“The company will also expand investment in energy innovation, especially for S-curve businesses.”

GPSC has also allocated up to Bt18 billion for investment this year.

“Of that, Bt10 billion will be spent on different projects, such as battery factory, energy recovery unit and SPP replacement projects, while the rest will be used for improvement and maintenance of existing power plants,” he added.