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Gulf acquires hydropower project in Laos for $128m

Summary by Bangkok Post
SET-listed Gulf Development, a telecom operator and Thailand’s largest energy company by market value, has purchased the entire shareholding of the Pak Lay hydropower project in Laos for US$128 million to boost its renewable power generation and revenue by supplying electricity to Thailand.

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Bangkok PostBangkok Post
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Gulf acquires hydropower project in Laos for $128m

SET-listed Gulf Development, a telecom operator and Thailand’s largest energy company by market value, has purchased the entire shareholding of the Pak Lay hydropower project in Laos for US$128 million to boost its renewable power generation and revenue by supplying electricity to Thailand.

·Bangkok, Thailand
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Bangkok Post broke the news in Bangkok, Thailand on Wednesday, July 23, 2025.
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