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AEPL prepares to raise funds via IPO
Bangkok Post
|May 20, 2025
Avaada Energy Private Ltd (AEPL), an Indian renewable energy firm owned by Global Power Generation Synergy Plc (GPSC), the power generation arm of PTT Plc, is preparing to raise funds under its initial public offering (IPO) scheme in India.
AEPL is one of India's largest renewable energy suppliers, with power generation capacity of 5,120 megawatts. Additional capacity of 2,083MW will come from facilities under construction and the company also has new projects in the pipeline, scheduled to be developed between 2025 and 2030.
"The IPO is in line with the company's need for capital spending between 2026 and 2027 to support plans to add new capacity," said Sukittee Chaiyarak, senior vice-president for corporate finance and investor relations.
The exact date for the IPO has yet to be finalised, but it is roughly scheduled for next year, she said.
Denne historien er fra May 20, 2025-utgaven av Bangkok Post.
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