The Pavagada 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 2.5 billion baht of capital into Avaada Energy Private, an Indian solar power developer, in a move to boost renewable power generation.
The capital injection is in line with a plan to increase power generation capacity, part of GPSC’s efforts to expand its business in India, Worawat Pitayasiri, president and chief executive of GPSC, said after the capital increase was approved by the board on April 25.
GPSC holds a 42.93% share in Avaada Energy Private, a subsidiary of Avaada Group, a renewable energy developer.
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