Mitihoon – TRIS Rating affirms GPSC’s secured financial profile with a credit rating of “AA+” and a “Stable” outlook. The rating reflects GPSC’s stable revenue growth driven by its conventional and renewable power plants in Thailand and oversea. It also underscores the company’s commitment to future energy innovation and sustainable long-term growth.
Mrs. Panporn Sasananan, Chief Financial Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, stated that “GPSC has been affirmed credit rating at “AA+” with a “Stable” outlook. The assigned credit rating is marked as the highest rank among Thailand’s private power business sector. This performance reflects the strong financial status as well as innovative power asset portfolio addressing diversity in revenue contribution with steady growth.
TRIS Rating highlights GPSC’s capability in preserve financial discipline, portfolio management as well as the ownership of over 40 large power plants across Thailand, India, Taiwan, and Laos. GPSC main revenue is contributed by the long-term electricity trade with Electricity Generating Authority of Thailand (EGAT) and industrial clients for securing the reliable revenue stream generated from the minimum take-or-pay contract structure and gas price pass-through mechanism. Meanwhile, the company’s portfolio has been constantly optimized to emerging trends in order to enhance liquidity and support long-term growth.
Furthermore, GPSC continues to pursue business growth focusing on increasing the share of renewable power with the target of 68% within 2030 aligning with PTT group’s strategic power transformation roadmap, ensuring a balanced transition during the company’s growth phase while contributing to sustainable value creation for shareholders. The credit rating performance reflects the clear goal in achieving business drive in response to the forthcoming electricity demands, positioning the company as a leader in Thailand’s power transformation and a key supporter of sustainable regional growth. As of the end of June 2025, GPSC has a net production capacity of 7,394 MW with goal to achieve 14,175 MW by 2030.
GPSC is committed to PTT’s strategic plan in driving clean energy forward, highlighting renewable energy, carbon storage system, and clean energy technology of the future such as hydrogen and Small Modular Reactor (SMR) with solid financial support, financial credit lines, and steadfast cooperation with PTT group.
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