ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

PTT to buy stake in Indian renewable power producer for $500m

Thai energy conglomerate also eyes Taiwanese company to ramp up capacity

PTT is joining the global carbon-neutral push by investing in life science businesses.   © Reuters

BANGKOK -- Thai national oil and gas conglomerate PTT is in talks to acquire stakes in renewable power generating companies in India and Taiwan as it looks to raise its renewable power output capacity to 8 gigawatts by 2030, the Nikkei Asian Review has learned.

The move follows the 2018 acquisition of Thai-based Glow Energy by Global Power Synergy, a PTT group company. GPSC bought a 69.11% stake in Glow for 93 billion baht ($3 billion).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more