Wednesday, 6 December 2017

Gulf Energy listed today, funds earmarked for new power projects

Gulf Energy, Thailand’s third largest power producer, has made its market debut today at the Thai Stock Exchange. The IPO was Thailand's largest corporate listing in a decade, raising 24 billion baht ($736.20 million). The company said it will use most of the funds to finance new gas-fuelled power plants with a view to reach over 11.1 GW in installed capacity by 2024.

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