On Thursday at 2:11 PM (Bangkok time), the share price of Global Power Synergy Public Company Limited (SET: GPSC) increased by 3.85% or THB 1.50 to THB 40.50, with a trading value of THB 210.76 million.
Electricity Generating Public Company Limited (SET: EGCO) surged by 8.43% or THB 10.50 to THB 135.00, with a trading value of THB 928.06 million.
Gunkul Engineering Public Company Limited (SET: GUNKUL) gained 6.60% or THB 0.13 to THB 2.10, with a trading value of THB 162.96 million.
B.Grimm Power Public Company Limited (SET: BGRIM) rose by 4.93% or THB 0.70 to THB 14.90, with a trading value of THB 534.91 million.
WHA Utilities and Power Public Company Limited (SET: WHAUP) grew by 4.95% or THB 0.20 to THB 4.24, with a trading value of THB 23.85 million.
Gulf Development Public Company Limited (SET: GULF) expanded by 2.29% or THB 1.00 to THB 44.75, with a trading value of THB 872.87 million.
Yuanta Securities (Thailand) highlighted Thailand’s government’s accelerated push for the 2,000-megawatt Direct Power Purchase Agreement (Direct PPA) project, alongside the Ministry of Energy’s ‘Quick Big Win’ policy, which includes community-based solar projects. These initiatives are currently under review, with expectations that the proposals will be submitted to the Committee on Energy Policy Administration (CEPA) by November 2025.
According to Yuanta, power producers already selling electricity to industrial clients—such as GPSC, BGRIM, GULF, and WHAUP—stand to benefit the most from the Direct PPA scheme as they have experience in negotiating power contracts with private-sector customers and possess strong access to clients compared to operators focused primarily on government-linked projects.
Furthermore, industrial estate developers like AMATA and WHA are also poised to gain from the Direct PPA policy, expected to enhance Thailand’s ability to attract foreign investment, particularly from companies operating data centers.
