Gulf Energy Development and its subsidiary, Gulf Hydropower Holdings, divested a combined 51% shareholding in Pak Lay Power Company Limited, the operator of the Pak Lay Hydropower Project in Laos, to JH International B.V. This transaction was valued at approximately $144.78 million.
This strategic divestment aligns with Gulf Energy's goal of forming long-term international partnerships, strengthening its renewable energy portfolio, and leveraging J-Power's expertise in large-scale hydropower development.
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Organizations Mentioned
Gulf Energy
PLPC
GHH
EGAT
JHI
J-Power
J-POWER
Hazama Ando
SET