GPSC won the Best Green Bond 2020, another proof of success for the clean electricity project developer
GPSC won Best Green Bond award at The Asset Triple A Country Awards 2020 – Southeast Asia for its issuance of the 5 billion baht green debentures, proving the company’s success in the development of sustainable clean energy.
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 that GPSC has recently won Best Green Bond: Global Power Synergy 5 billion baht digital green debentures from the Asset Triple A Country Awards 2020 – Southeast Asia, which was organized by The Asset, Asia’s leading financial magazine, for the company’s issuance of senior unsecured green bonds worth a total of 5 billion baht for institutional and high-net-worth investors. The debenture issuance was arranged by the Joint Green Structuring Advisors, comprising Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, and Standard Chartered Bank (Thai) Public Company Limited.
The proceeds from the debentures will be used to support the company’s renewable energy projects such as the solar power plant project and Waste-to-Energy project under the company’s Green Finance Framework. The award also demonstrates the company’s success in developing green energy technology and innovation.