SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, has increased its capital spending by 20% to 120 billion baht as it plans to acquire more new assets in the clean energy sector.
The budget is slated for allocation between 2022 and 2026.
Chief financial officer Yupapin Wangviwat said Gulf is preparing to negotiate three asset acquisition deals, with details to be unveiled later this year. The previous capital expenditure was set at 100 billion baht.
