, Thailand
Source: GPSC website

Global Power Synergy net profit falls over 50% in Q3

This was linked to the higher fuel prices. 

Global Power Synergy Public Company (GPSC) reported its net profit dropped by 52% in the third quarter due to the continuous increase in fuel prices. 

This is despite the increase in Ft charge in September to 94.43 Satang per unit from 24.77 Satang per unit, which drove the quarter’s revenues up by 22% year-on-year to THB33.866b.

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

GPSC also reported the amount of electricity sold to the Electricity Generating Authority of Thailand (EGAT) and steam sold to industrial customers increased. 

The Company also recognized higher share of profit from Xayaburi Hydro Power Plant, thanks to the higher water level.

 

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

Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.
What can fix renewable energy’s intermittency?
Solar and wind power are not reliable enough to meet Southeast Asia’s issue on power demand, Enlit Asia’s invitees said.