"GPSC" realizes dividend income from holding 15% of shares in RPCL, from RPCL's income in the second half of 2015 with confidence in 2016 revenue to increase from the previous year and the management boosting domestic and international road show plans to boost investor to be more confident.

Dr. Toemchai Bunnag, President of Global Power Synergy PLC. or GPSC, an electricity and utility producer flagship of PTT Group, said GPSC had realized dividend income from RPCL's revenue of 2015 second half. GPSC holds a 15% share in Ratchaburi Power Company Limited (RPCL), which will play an important role in boosting the company's growth rate.

“During the first quarter, we will realize full income from the first phase of IRPC Clean Power (IRPC-CP). We will also be able to book dividends from holding shares in RPCL as well as income from selling electricity and steam to customers in the PTT Group. Apart from that, we will also realize dividend from additional investment in Nava Nakorn power plant which is set to start its commercial operation date for selling electricity and steam in June 2016, with a production capacity of 125 megawatts, in which the company holds 30% of the shares. Dividend from RPCL's income from the first half of the year is also expected to pay out in the third quarter, which makes us confident that 2016 next profit will increase from last year," Dr. Toemchai said.

GPSC is also in the process of presenting information to domestic and international institutional investors in Asia and the United States during 2016 for a total of at least 10 times, especially during March-April, in order to present GPSC's projects to boost investor confidence. The recent roadshow was well received from financial and fund investors.

Dr. Toemchai said regarding the five-year plan (2015-2019) that GPSC not only seek domestic investment but also overseas investment. The company saw a high growth rate in the electricity business, especially following the setting up of the ASEAN Economic Community (AEC). GPSC has been involved in several projects, including a recently signed Memorandum of Understanding (MoU) with the Myanmar government to construct a 2,000 megawatt clean coal power plant, as well as two natural gas cogeneration power plants with a production capacity of 500 and 400 megawatts each. The natural gas cogeneration power plant projects are likely to proceed first. The company is also in the process of seeking investment opportunities in Indonesia.

The five-year investment budget (2015-2019) of 18 billion baht contains 10 billion from its initial public offering (IPO), while another 8 billion baht comes from financial loans which have already been secured. The company plans to boost its electricity capacity to 2,800 megawatts by 2019. It currently has committed projects totaling 1,917 megawatts, with a commercial operation of 1,338 megawatts.

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