Bid & Tender

News

Thai Regulator Approves Merger Plan for GPSC and Glow Energy

The Thai regulator on Wednesday said it had conditionally approved a merger plan for Global Power Synergy Corporation and Glow Energy, which is majority-owned by France's Engie.

 

The approval comes with the condition that Glow Energy will have to sell its Glow SPP 1 Co. before the merger, Narupat Amornkosit, secretary-general of the Energy Regulatory Commission, said in a statement.

 

Two weeks ago, the commission had dismissed GPSC's appeal to buy Glow Energy's stake from Engie.

 

GPSC is a unit of Thailand's energy giant PTT Pcl.

BACK

Related News