Global Power Synergy Public Company Limited (SET: GPSC) has informed the Stock Exchange of Thailand that the company’s Board of Directors has approved the connected transaction of the land acquisition by IRPC Clean Power Company Limited (IRPCCP), a subsidiary in which GPSC holds a 51% stake, from IRPC Public Company Limited (SET: IRPC).
The acquired land comprises current leased land and the adjacent land, approximately 32 Rai, 2 Ngan, and 1.8 Square Wah (equivalent to approximately 12.85 acres), and is located in the IRPC Industrial Zone, whose transaction value is approximately THB 309 million.
The transaction is considered at a fair price, referring to market prices of lands with similar facilities and utilities in the industrial estates, and is assessed by an independent appraiser. The signing of the agreement and registration of ownership between IRPC and IRPCCP shall be subject to the fulfillment of all conditions precedent. The company anticipates that the transaction will be completed within the first quarter of 2026.
The objective of the land acquisition by IRPCCP is to maintain its stability as well as the security of the power distribution system and to expand its power plant projects to accommodate demand from industrial customers in the future. In this regard, IRPC’s Board of Directors approved the transaction on November 25, 2025, and IRPCCP’s Board of Directors approved the transaction on December 19, 2025.
