BANPU Tops Stake in Singapore’s Energy Storage Solutions ‘Durapower Holdings’ to 65%

Banpu Public Company Limited (SET: BANPU) announced on Tuesday that BPIN Investment Co., Ltd. (BPINI), a wholly owned subsidiary of Banpu NEXT Company Limited (Banpu NEXT), has increased its shareholding in Durapower Holdings Pte Ltd (Durapower), an associated company, from 47.68 percent to 65.10 percent. Durapower became a subsidiary of BANPU with a transaction value of USD 70 million.

This is part of BANPU’s strategy to scale up its energy storage system business and enhance the presence of Banpu NEXT to accelerate its growth plans.