Gulf Development to Build 2,000 MW More of Data-Center Capacity

Gulf Development plans to expand its data center capacity by up to 2,000 megawatts in the next five years to meet surging demand for AI and cloud computing services.

• Company will spend as much as 140 billion baht to expand its power, data center, infrastructure and other businesses in five years, CFO Yupapin Wangviwat says at a video conference with investors
  • Thai firm will finance the new investments with operating cash flows, bonds and bank loans
  • It’s in talks with banks for $400m - $600m loans
  • To issue about 20 billion baht of new bonds in Sept.
  • Considers issuing company’s ...