BUSINESS

GPSC bags 41.6% stake in Avaada

Business, Yuthana Praiwan, Published on 15/07/2021

» Global Power Synergy Plc (GPSC), a power generation arm of national oil and gas conglomerate PTT Group, has acquired a 41.6% share -- worth 14.82 billion baht -- in Indian solar power developer Avaada Energy Private Co (Avaada) as part of its move towards sustainability and clean energy development.