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GPSC posts 85% profit uptick last year published : 13 Feb 2021 at 04:00 GPSC s co-generation power plant in Rayong province. (Photo: Global Power Synergy Plc) Global Power Synergy Plc (GPSC), the power generation arm of PTT Group, recorded an 85% increase in profit last year thanks to cost savings and full-year operation of a new asset acquired from France-based Engie Group. Turnover last year rose to 7.51 billion baht from 3.45 billion in 2019 despite the pandemic hammering the Thai economy. President and chief executive Worawat Pitayasiri said GPSC acquired SET-listed Glow Energy Plc, a business unit of Engie Global Development B.V. (Engie), in mid-2018, but it had to spend almost a year completing the transaction and receiving approval from the Energy Regulatory Commission. ....
To embed, copy and paste the code into your website or blog: 2020 has been one of the most eventful and unprecedented years for competition law in Thailand. This year, four public hearings have taken place, three industry-specific regulations on unfair practices were issued, the dominance thresholds were amended, the authority has published a detailed merger control manual, and two pre-closing merger approvals were issued – with one landmark case leading to remedies. A surge of interest in merger control enforcement The long-awaited Thai merger control regulations came into force on 29 December 2018. Since then, there have been three pre-closing approvals in the automotive and modern retail industries (A&O having advised on all three cases) and post-closing notifications in at least 11 industries (including banking, food & beverage, energy, airlines and properties). ....