GPSC has showcased its potential and strength in energy security (Reliability) through its net profit of 4,062 million baht in the year 2024 while announcing the dividend payment of 0.45 baht per share within April 2025. At the meantime, the company, as a clean energy supplier, is also breaking into the energy innovation technology market, heading towards the target of Net Zero with PTT Group and preparing itself to accommodate the future energy market while trying to expand the investment in related businesses in India.

Mr. Worawat Pitayasiri, President and Chief Executive Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, revealed the company’s performance for 2024 that the company’s total revenue was 90,730 million baht, a decrease of 0.4%, but with EBITDA of 19,009 million baht, increased by 8% when compared to the same period of the previous year (YoY), which resulted in the net profit of 4,062 million baht, an increase of 10%. This significant increase was due to the increased gross profit, thanks to the higher sales volume of electricity and steam coupled with the effective management of both natural gas and coal that helped increase efficiency in cost management. Although the Ft charge in the industrial sector decreased, the company still have had the cost pass-through from most of the steam and electricity products.

“Considering the performance of the company and its subsidiaries in 2024, the company continues to grow in a continuous manner. The Board of Directors has resolved to pay a dividend of 0.90 baht per share or 62.5% of the net profit. The company has already paid the dividend for the operation performance of the first 6 months of 2024 in the amount of 0.45 baht per share or the total of 1,268,878,215 baht on 24 September 2024. The remaining dividend for the other 6 months of 2024 is 0.45 baht per share or 1,268,878,215 baht in total. The dividend payment date is 23 April 2025 and the company shall pay the dividends upon the approval from the 2025 Annual General Meeting of Shareholders,” said Mr. Worawat.

In addition to the creation of energy security (Reliability) for businesses and industries in Thailand, GPSC is also committed to developing the renewable energy projects in other countries, targeting particularly the countries with high demands of power energy. For instance, the solar power plant projects in India have been supported by the Indian government in terms of transmission systems and Third Party Access (TPA), and this further contributes to the development of technologies used for 24-hour supply of green electricity produced from clean energy. Not only that, the Indian government is promoting domestic supply chains with an attempt to reduce foreign dependence and enhance competitiveness, including the support of capital expenditures (CAPEX) to reduce costs and accelerate the development of clean energy projects as to the country's targets. All of the aforementioned will help strengthen GPSC's potential in the world’s renewable energy market. This is because the company has the shareholding proportion of 42.93 % of AEPL's total capital. AEPL is operating its winning projects with the total electricity generation capacity of 20,399 MW. There are 37 projects that have been able to supply electricity to the system, with the production capacity of 4,696 MW, and 6 projects which are under construction with a production capacity of 2,052 MW. It is expected that commercial electricity from these projects will be available in 2025-2026. Moreover, there are 23 projects under development with the production capacity of 13,651 MW, which are expected to produce and supply electricity to the system in 2025-2027.

The company is still committed to developing its businesses for sustainability, focusing especially on the development of energy innovations for the target of Net Zero Emissions, both in terms of research and development of technology through the cooperation in many projects with the companies in PTT Group. Meanwhile, the company is well prepared to reduce the Utility Carbon Intensity for industrial customers in order to enhance their competitiveness in export and correspond to CBAM measures that will be in line with the future carbon tax regulations.

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