THAI POWER GIANT TARGETS 15% REVENUE GROWTH

The Bangkok-based utility is banking on multiple growth drivers to achieve the ambitious target. New power generation plants coming online will boost core electricity production, while the company's telecommunications and data-center divisions are expected to contribute more substantially to overall revenue. The dual-focus strategy reflects broader trends in Asia's energy sector, where traditional power producers increasingly diversify into digital infrastructure to capture growth from cloud computing and AI demand. Data centers have emerged as major revenue engines for regional utilities as companies invest heavily in computing capacity. Gulf Development's forecast positions it to capitalize on Thailand's infrastructure modernization efforts and rising regional demand for reliable power and connectivity services. The company's expansion into higher-margin data-center and telecom businesses could improve profitability beyond the revenue growth figure, though operational execution will be key to meeting targets.