, Thailand
140 views
Photo by Goumbik via Pexels

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

Follow the link for more news on

Join Asian Power community
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!

Exclusives

Closure of ASEAN’s newer coal plants by 2040 doable
Adding new coal plants and retrofitting existing ones are a larger risk to the transition.
Power Utility
Asia-Pacific may miss RE targets
Countries must attract investments to advance their clean energy goals.
Malaysia told to integrate grids to quicken solar growth
Limiting solar penetration to the grid at 24% of peak demand could impede its expansion.