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Bangkok Post
Bangkok Post
Business

GPSC plans to inject capital into Avaada Energy Private

GPSC Avaada India Electricity PTT Plc Renewable Energy Oil
The Bikaner 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 19.1 billion rupees (8.28 billion baht) of capital into India-based Avaada Energy Private to expand its renewable energy business amid growing electricity demand in India.

Through its subsidiary Global Renewable Synergy Co, GPSC holds a 42.9% share in Avaada Energy Private, a subsidiary of India's Avaada Group, a renewable energy firm.

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