Showing 1 - 10 of 21
Avaada Energy prepares to raise funds via IPO
Business, Yuthana Praiwan, Published on 20/05/2025
» Avaada Energy Private Ltd (AEPL), an Indian renewable energy firm owned by Global Power Generation Synergy Plc (GPSC), the power generation arm of PTT Plc, is preparing to raise funds under its initial public offering (IPO) scheme in India.
GPSC unit wins solar bid in India
Business, Yuthana Praiwan, Published on 03/06/2024
» Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, continues to expand its renewables business in India, with subsidiary Avaada Energy preparing to build a large solar farm to increase clean energy, cut carbon dioxide emissions and serve millions of people in the country.
Avaada Energy Wins 1050 MWp Solar Project in NTPC Auction
Published on 01/06/2024
» Avaada Energy, a prominent entity in the renewable energy industry and a subsidiary of the Avaada Group, proudly announces a significant achievement. The company has secured the largest single bid for a 1050 MWp solar project in a recent tender by the Renewable Energy Implementing Agency (REIA) and National Thermal Power Corporation (NTPC). This milestone highlights Avaada's expertise and dedication to advancing India's renewable energy goals.
Avaada Energy Successfully Closes ~USD 535 Million Refinancing for its Four Solar Projects in Rajasthan, India
Published on 02/05/2024
» Avaada Energy, the renewable energy arm of the Avaada Group, is pleased to announce the successful closure of one of the largest refinancing transactions in India’s renewable energy sector, securing ~USD 535 Million from the state-owned lender, the National Bank for Financing Infrastructure and Development (NaBFID).
Avaada Group Invests Rs 40,000 Cr in 6 GW Gujarat Wind-Solar Projects
Published on 15/01/2024
» Avaada Group, India's prominent integrated energy platform, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. This strategic alliance aims to set up hybrid wind-solar projects with an aggregate 6000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore, marking a pivotal moment in the journey towards greener future.
Avaada Energy wins 50 MW wind project in India
Published on 22/11/2023
» Avaada Energy, a leading force in India's energy sector and a key player in Avaada Group's diversified portfolio, is proud to announce its latest achievement - securing a 50 MW Wind Project through an e-Reverse auction hosted by REC Power Development and Consultancy Limited (RECPDCL), the Bid Process Coordinator (BPC) appointed on behalf of DVC Limited under Scheme for flexibility in Generation and Scheduling of Thermal/ Hydro Power Stations through bundling with Renewable Energy and Storage Power notified by the Ministry of Power, Govt. of India.
Power firm GPSC upbeat on India
Yuthana Praiwan, Published on 09/11/2023
» SET-listed GPSC, the power generation arm of the national oil and gas conglomerate PTT Plc, expects further growth of its renewable energy business in India after a subsidiary won a 1.4-gigawatt solar power development project.
Avaada Group announces MoU with rec to fund energy transition projects
Published on 24/07/2023
» Avaada Group, at the forefront of India's renewable energy sector, proudly announces a formidable partnership with the Rural Electrification Corporation (REC), solidified through a Memorandum of Understanding (MoU).
Shares rise on hopes for stimulus in China
Business, Published on 01/07/2023
» RECAP: Asian stocks inched higher yesterday as weak manufacturing data from China stoked expectations of fresh stimulus, even as strong US data bolstered the view that the Federal Reserve will keep interest rates higher for longer.
GPSC plans to inject capital into Avaada Energy Private
Business, Yuthana Praiwan, Published on 29/06/2023
» 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.