Thai electricity firm GPSC invests $453m in India’s Avaada Energy

Renewable energy/Illustration/ Internet Archive

Thai electricity firm Global Renewable Synergy Company Pcl (GPSC) said it had bought 41.6% of India’s Avaada Energy for 14.8 billion baht ($453.29 million).

“The investment in this platform aligns with the company’s growth strategy in the renewable energy business,” GPSC chief executive Worawat Pitayasiri said in a statement late on Tuesday.

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