Global Power Synergy, Sumitomo sign $185m green loan agreement

This will be invested in clean energy.

PTT Group’s Global Power Synergy Public Company (GPSC) and the Sumitomo Mitsui Banking Corporation (SMBC) have signed a $185m Green Loan agreement for clean energy development.

The Green Loan agreement, which has a contract term of 10 years, is intended to increase its renewable energy portfolio to over 50% of its total capacity by 2030.

“It will be an important tool in pursuing investment opportunities in clean energy and strengthening the company’s financial position so that the company can efficiently implement the business plans on clean energy,” Worawat Pitayasiri, President and Chief Executive Officer of GPSC, said.

“So far, GPSC has always been investing in alternative energy projects, both in and out of the country, which is corresponding to the new Power Development Plan (PDP 2022), an important part of the National Energy Plan, which will be completed in 2022, focusing on the increase of clean energy consumption.”

GPSC noted this the first green loan in PTT Group designated for the implementation of clean energy projects in the future.

Follow the link for more news on

GPSC

Also Read

ADB and Buskowitz commit $12m to boost rooftop solar in the Philippines

Tata Power Solar and Indian Bank partner to offer financing for rooftop solar

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit