Gulf Energy Development Public Company Limited (SET:GULF) is looking for acquisitions and investments. The company plans to raise funds through increase in share capital to finance investments and enhance investment potential to at least Bt110 billion. Sarath Ratanavadi, Gulf's Chief Executive Officer, said during the shareholders meeting that the company expected to raise around Bt30 billion from the capital increase, adding that the company has a lot of projects waiting for investment. "We will invest in power plant construction and renewable energy projects both in Thailand and overseas, such as the Hin Kong 1,400-megawatt power plant and Burapa Power 540MW power plant, as well as mergers and acquisitions of foreign power plants in Europe, US and Britain," he said.