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Energy

Thailand's Gulf Energy sets sights on telecom in empire expansion

Infrastructure contracts awarded to billionaire tycoon hint at cozy ties with state

A Gulf Energy power plant in Thailand's Chonburi Province. The company is the country's top independent power producer.

BANGKOK -- After a quick rise to prominence in a country not generally friendly to startups, independent Thai power provider Gulf Energy Development is rapidly diversifying into natural gas and telecommunications, raising suspicion about tacit government support.

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