Gulf targets 20% chunk of energy up for auction

Quick Summary:

Gulf Energy Development, Thailand's largest private power producer by market value, wants to win the rights to develop new power plants, with capacity accounting for 20% of the 3.6-gigawatt total to be offered in the second-phase auction of renewable energy development projects.

Most of this spending is for the development of the power business and new asset acquisition, said Mr Sarath.

The new firm will develop a data centre, with power capacity of more than 100MW to supply to computer networks, he said.

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Article Details

Category: EconomyBusiness

Markets: ThailandGermany

Topics: Power Energy Capacity Total Renewable Projects Company Development Gulf Phase Auction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 07:03:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22890344

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