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Bangkok Post
Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand (Egat), plans to spend 150 billion baht to expand its businesses through 2025 and seek new opportunities in infrastructure projects, which are seen as an economic booster for Thailand.In the power generation business, the company expects to add new capacity of 1,000 megawatts to its portfolio this year, mainly through 3-4 asset acquisitions currently under negotiation.
The talks are progressing and the details should be announced within this year, Egco president Thepparat Theppitak said yesterday. Egco plans to spend 37 billion baht for the purchase deals, targeting both fossil-fired and renewable power plants in Vietnam, the Philippines, South Korea, Taiwan and the US.
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Egco projects 10% capacity rise for 2021
published : 2 Feb 2021 at 04:00
6 Egco has acquired shares in a natural gas-fired cogeneration facility, known as Linden Cogen, in Linden, New Jersey, the US.
Electricity Generating (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, expects its power generation capacity will rise by 10% this year from 5,422 megawatts as two key projects under its 37-billion-baht capital spending are set to start operations later this year.
The 2021 budget is being spent to support development of power plants, fuelled by fossil fuels and renewable resources, as well as the company s asset acquisition plans.
Egco president Thepparat Theppitak said the new capacity will mainly be added by renewable power generation facilities in Taiwan and Laos, scheduled to start operating by the fourth quarter of this year.