Gulf Energy Development Public Company LimitedAppointment may delay PDP but analysts recommend GULF as top pick with 2,000-3,000 MW capacity.
The cabinet has approved the appointment of Chanthanon Wannakhajorn as the new permanent secretary of the Ministry of Energy, effective 1 October 2026, replacing the incumbent who will retire from government service. Chanthanon is currently a special expert attached to the Prime Minister's Office and a director of PTT Oil and Retail Business Public Company Limited, or OR. Analysts at Bualuang Securities view that this appointment may slightly delay the announcement of Thailand's Power Development Plan 2026–2053, or PDP 2026, from September, but expect it to be announced within 2026. They assess that GULF can accommodate around 2,000–3,000 megawatts of new projects, GUNKUL around 500 megawatts, and BGRIM 500–1,000 megawatts, and recommend investing in the renewable energy sector, especially GULF and GUNKUL as top picks.
Gulf Energy Development Public Company LimitedAppointment may delay PDP but analysts recommend GULF as top pick with 2,000-3,000 MW capacity.
Gunkul Engineering Public Company LimitedAnalysts recommend GUNKUL as top pick with ~500 MW capacity in upcoming PDP.
B.Grimm Power Public Company Limited
PTT Oil and Retail Business Public Company LimitedChanthanon is a director of OR, but no direct impact on company operations.