On 13 June 2022, Mr. Panumas Limsuwan, Deputy Governor of Provincial Electricity Authority (PEA), and Mrs. Rosaya Teinwan, Executive Vice President - Business Development, of Global Power Synergy Public Company Limited (GPSC), signed a Memorandum of Understanding (MOU) “Seeking Mutual Opportunities to Become Energy Suppliers and Operate Related Businesses” between Provincial Electricity Authority (PEA) and Global Power Synergy Public Company Limited (GPSC), at Rattanakosin Conference Room, floor 23, LED Building, PEA Headquarters.

PEA has been collaborating and working with GPSC as suppliers of both fossil fuel and renewable energy in the energy trading projects of PEA in order to enable the actual trading of electricity. The scope of this cooperation is to study and develop an operation model as an electricity supplier for PEA, including the study of joint investment between PEA and GPSC, as well as its affiliates, so as to be well prepared for other service businesses, such as trading and exchange of Renewable Energy Certificates (RECs), Energy Attributed Certificates (EACs), or Carbon Credits. This also includes the study of other relevant business models that can be applied by the company as a service provider in the said platform.

Mr. Panumas Limsuwan, Deputy Governor (Corporate Strategy), said in the signing ceremony of this MOU that PEA is widely recognized as a leading supplier and service provider of electric power, which is the main mechanism for driving the country's economy. Therefore, PEA has realized and foreseen the benefits that will be enjoyed by the business sector, the public sector, as well as the environment. As an organization responsible for the direction and development of energy infrastructure, PEA is well prepared to work hand in hand with all sectors in order to promote the ultimate use of resources and the fair access to infrastructure.

Mrs. Rosaya Teinwan, Executive Vice President - Business Development, of Global Power Synergy Public Company Limited (GPSC), the innovative power flagship of PTT Group, said the MOU between GPSC and PEA is deemed as a very significant collaboration because the two organizations, as energy suppliers in the energy trading projects of PEA's grid power, shall seek ways of power generation that can support the security of electricity system. This is because, in the future, the demand for electricity will keep rising in various sectors, e.g., households, businesses, and industrial levels. This cooperation, at the meantime, is regarded as the preparation for electric vehicle (EV) industry as well as the business sectors heading towards clean energy. All of the aforementioned is in compliance with the global trends to tackle global warming issues and the Thai government's policies to achieve the targets of Carbon Neutral by 2050 and Net Zero Emission by 2065.

GPSC, as the flagship of PTT Group, is highly specialized in the development of electricity produced from various kinds of fuels and the creation of technologies and innovations designated for effective energy management that can ensure the more stable and more efficient production and delivery of energy within the country. Not only that, in the future, GPSC is planning to extend the cooperation with PEA in other aspects with an intention to create major mechanisms that can propel and enhance economy, society and environment in Thailand.

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