Thai state-owned PTT’s unit acquires 41.6% stake in Avaada Energy

GRSC has invested by way of subscription of new shares approximately 41.6% of equity interest in Avaada with total investment of approximately THB 14,825 million (approx $454 million), the company said in a statement.

“Avaada has developed and is operating a large portfolio of solar power plants in India, with long-term power purchase agreements with Central and State Governments of India and private commercial & industrial customers, with a total committed capacity of approximately 3,744 megawatts, of which approximately 1,392 megawatts are in operations and…