GPSC bags $216.85m loan for clean energy investments

This will fund domestic and international expansion.

Global Power Synergy Public Company (GPSC) has signed three credit facilities worth a total of $216.85m (THB7b) which it will use to advance its renewable energy businesses which is in line with its decarbonisation strategies to attain net zero emission. 

According to the company, $155.02m (THB5b) came from TMBThanachart Bank, and $30.98m (THB1b) each came from Kiatnakin Phatra Bank and Export-Import Bank of Thailand.

“The total financial support of 7,000 million baht is designated for GPSC to rebalance GPSC’s loan portfolio and promote investment in clean energy both locally and globally,” GPSC CFO Thitipong Jurapornsiridee said.

By 2026, GPSC aims to achieve over 65% of its total power generation capacity from renewable sources. GPSC is expanding its operations both domestically and internationally, with the goal of being one of the major players in Southeast Asia.

The company is targeting carbon neutrality by 2050 and net-zero emissions by 2060.

$1 = THB32.28