SET-listed Gunkul Engineering, a renewable energy developer, plans to list its subsidiary Gunkul Power Development on the stock market as the company continues to expand its power business.
Thitipong Techaratanayuenyong, chief financial officer at Gunkul, said an initial public offering of Gunkul Power Development is planned for the fourth quarter of this year, with share trading to start in the first quarter of 2023.
Gunkul intends to increase its power generation capacity to 1,000 megawatts over the next five years, up from the current 655MW.
