Board of Directors of Global Power Synergy Public Company Limited or GPSC, led by Mr. Pailin Chuchottaworn, Chairman of the Board, recently visited the company’s energy storage unit production plant, located on a plot of 12 rai in Map Ta Phut Industrial Estate, Muang District, Rayong Province, to follow up on the construction progress. The manufacturing facility, worth over 1.1 billion baht, is Thailand’s first production plant for semi-solid batteries and will have the first-phase production capacity of 30 MWh. It is expected to complete construction and start of regular production in the second quarter of 2021. The Board of Directors was welcomed by Mr. Chawalit Tippawanich, Chief Executive Officer and President and other executives of GPSC.
The shares of GPSC are held by PTT (22.8%), PTT Global Chemical or PTTGC (22.7%), Thaioil or TOP (8.9%), Thai Oil Power or TP (20.8%) and public investors (24.8%) (PTT is under the process of purchasing 8.9% of GPSC shares from TOP which will increase PTT’s percentage shareholding in GPSC from 22.8% to 31.7%. The share purchase transaction is expected to be completed by the end of 2020).
GPSC, an electricity and utility flagship of PTT group with core business to generate and supply electricity, steam and utlities to its industrial customers, the Electricity Generating Authority of Thailand (EGAT) etc. The total current generating capacity according to Equity MW is around 5,031 MW of electricity, around 2,876 tons per hour of steam, around 15,400 refrigeration tons of water and around 7,372 cubic meters per hour of processed water.