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Bangkok Post
Bangkok Post
Business

GPSC allots B2.5bn for Indian solar firm

GPSC India Avaada PTT Plc Oil
The Pavagada solar farm in India, operated by Avaada Energy Private.

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, plans to inject 2.5 billion baht of capital into Avaada Energy Private, an Indian solar power developer, in a move to boost renewable power generation.

The capital injection is in line with a plan to increase power generation capacity, part of GPSC's efforts to expand its business in India, Worawat Pitayasiri, president and chief executive of GPSC, said after the capital increase was approved by the board on April 25.

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