Press Release

GPSC signs an agreement to sell power to ABCT for another 10 years, worth Bt.7,200 million, raising confidence of its efficiency in delivering electricity and steam to the clients.

Dr. Toemchai Bunnag, President and Chief Executive Officer (CEO) of Global Power Synergy Public Company Limited or GPSC, a power and utility flagship of PTT Group, has signed a power purchasing agreement with Mr. Ajay Mahajan, Senior President of Aditya Birla Chemicals (Thailand) Ltd. (ABCT), a maker of chemical products of India-based Birlar Group. According to the agreement, GPSC sells 27 MW of electricity and 7 tons per hour of steam to Aditya Birla Chemicals (Thailand) Ltd. which is located in the Map Ta Phut area in Rayong province for 10 years. The power purchasing agreement is worth Bt.7,200 million. Of the total, some Bt.6,696 million is from electricity sales and the rest Bt.504 million is from steam sales, which are due to start on Dec 25, 2017 through Dec 24, 2027.

This power purchasing agreement shows the success of GPSC in the continuing to sell power and steam to Aditya Birla Chemicals (Thailand) for another 10 years after the existing contract expires on Dec 24, 2017. It also reflects the efficiency, sustainability and service quality of GPSC that create trust among its clients.