GPSC invests on nearly Bt.4 Billion Power Plant with the initial capacity of 45 MW and steam of 70 ton/hr for its 1st phase
Global Power Synergy Public Company Limited (GPSC), one of Thailand's leading producers and distributors of electricity, steam and utilities and PTT Group's Power Flagship, the Company has been relentlessly going ahead with its power plant expansion both internationally and domestically. Revealing another significant progress, GPSC’s fourth Co-generation Power Plant (Central Utility Plant 4 : CUP 4) in Asia Industrial Estate, Rayong has been approved to invest for its first phase by GPSC Board of Directors with the capacity of 392 megawatt and steam of 900 ton per hour has obtained EIA approval.
Mr. Noppadol Pinsupa, President of Global Power Synergy Public Company Limited (GPSC) ensured investors that the current economic slowdown in China and EU has no effect on our company business. As for performance, the company’s major revenues are from the sale of electricity, steam, and utilities to two main customer groups, namely (1) EGAT, PEA, and MEA as State Enterprises, and (2) Industrial Users which are quite steady as it is based on the long-term contract which clearly defines the volume and prices. Recently, GPSC Board of Directors approved the first phase of CUP 4’s investment budget values of Bt. 3,980 million, targeting the capacity of 45 megawatt with steam of 70 tons per hour on land of 36 rais. GPSC will thus start the construction early of next year with 2 year construction schedule to produce the electricity and utility responding to the needs of industrial facilities both in Asia Industrial Estate and nearby Industrial Estates. Then the company will start to gradually receive the revenues from such sale.