EGCO invested 1.5 billion baht to drive business within 5 years – go through renewable energy

Mr. Thepparat Theppitak, President of Electricity Generating Public Company Limited or EGCO Group, said the company prepared an investment budget of 1.5 billion baht to drive business within 5 years (2021-2025) to expand investment in renewable energy projects and projects. Mart Energy Solutions aims to achieve a 1,000 MW increase in electricity generation capacity by 2021 from the Linden Power Plant. Cogen in the United States The installed capacity of 972 MW will close the deal and recognize immediate revenue in 2Q21.

In addition, there are 3-4 projects under negotiation for both conventional and renewable power plants. There are target areas to invest in Vietnam, the Philippines, South Korea, Taiwan, the United States, pushing revenue this year higher than last year’s 2020. There was an operating profit of 8,738 million baht, a decrease of 1,630 million baht or 16% from 2019 with a profit of 10,368 million baht.

At the same time, the Company has projects under construction and development, such as an expansion of the oil pipeline transportation system to the Northeast. Scheduled to open for operation in Q4 / 2021 EGCO Rayong Industrial Estate Development Project Smart and Green Industrial Estate, which signed an operating agreement with the Industrial Estate Authority of Thailand (IEAT) in January. It is scheduled to officially open by 2022.

Application for a license to operate in the procurement and wholesaling of liquefied natural gas (LNG Shipper) volume 200,000 tons per year for use in the Group’s power plants Which is pending the decision of the Energy Regulatory Commission. Solar Solution Provider Project to provide a complete range of premium solar products and solutions. Focus on target groups of industrial and commercial customers And a joint investment project between the Electricity Generating Authority of Thailand (EGAT) through the EGAT Innovation Holding Company (EGAT Innovation Holding) to do business related to electricity innovation and businesses in the target industries. New (new S-Curve)

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