GULF Invites “Mitsui”-”TGES” to Jointly Invest in Power Distribution System through BSE

Gulf Energy Public Development Public Company Limited (GULF) has reported that the company has entered into a shareholders agreement with Mitsui & Co., Ltd. (Mitsui) and Tokyo Gas Engineering Solutions Corporation (TGES) to partly hold 33.33% each in Bangkok Smart Energy Company Limited (BSE).

Before the agreement, GULF held 100% of registered shares in BSE, which had been established as a holding company investing in the power distribution system and district cooling system for One Bangkok Project, located in Central Bangkok. GULF plans to bring in the strategic alliances who have an intensive experience in the business to jointly invest in BSE.

Moreover, on July 10, 2019, BSE completed the increase in registered capital from THB 999,000 to THB 3,000,000 at a par value of THB 10.