Gulf Energy making debut after raising Bt96 bn
The Stock Exchange of Thailand (SET) will list Gulf Energy Development plc, one of Thailand's major power producers, today, under the ticker symbol GULF.
The company has a market capitalisation at its initial public offering (IPO) of Bt96 billion, SET senior executive vice president Santi Kiranand said recently.
GULF would list and start trading on the Resource industry group, Energy & Utility sector. GULF is a holding company investing in companies that generate and sell electricity, steam, as well as chilled water. The company has 17 power projects in operation, including 13 gas-fired power plants and four solar plants, with a total equity installed capacity of 1,963.5 megawatts. It also has other power projects under construction and development. When all 28 projects begin commercial operation by 2024, it will have a total equity installed capacity of 6,329.2 megawatts.
