GPSC entered into a share sales agreement to divest 33.33% stake in ESCE, an industrial waste-to-energy plant, to Veolia at the value of THB 354 million. The transaction is targeted to be completed by the end of 2025.

Mrs. Panporn Sasananan, Chief Financial Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, stated that on August 15, 2025, Glow IPP 3 Company Limited (GIPP3), a subsidiary of GPSC, signed a share sales agreement to divest its entire interest of 33.33% in Eastern Seaboard Clean Energy Co., Ltd. (ESCE) which held Chonburi Clean Energy Co., Ltd. (CCE) to the Veolia Environmental Services (Thailand) Co., Ltd. with a value of THB 354 million. ESCE operates waste to energy power plant with installed capacity 8.63 MW. The transaction is targeted to be complete by the end of 2025.

The successful conclusion of this agreement marks a significant milestone in GPSC’s rebalancing investment portfolio strategy, aligned with the company’s long-term growth direction and improvement of financial flexibility and liquidity to capture emerging investment opportunities, plus projects driving the renewable energy transition. This strategic shift will maximize cost efficiency, mitigate risks associated with underutilised assets and reinforce returns for stakeholders while supporting sustainable business expansion in the years ahead.

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