At 10:37 A.M. on Tuesday (October 14, 2025), the share price of Electricity Generating Public Company Limited (SET: EGCO) stood at THB 141.00 per share, up THB 4.50 baht or 3.30%, with a trading value of THB 179.40 million.
The stock price rose in response to the news that Mr. Tawatchai Sumranwanich, President of EGCO, revealed that EGCO Linden II, LLC, a wholly-owned subsidiary registered in the United States, signed an Equity Purchase Agreement on October 3, 2025, to acquire an additional 10% stake in Linden TopCo LLC. The investment will be completed once all conditions under the Equity Purchase Agreement are fulfilled.
Linden TopCo operates the Linden Cogen power plant, a cogeneration plant using natural gas with a generation capacity of 980 megawatts, located in New Jersey, U.S.A. The plant consists of Linden Cogen Units 1-5 with a combined capacity of 800 megawatts, which sell electricity, electric capacity, and ancillary grid services into the New York System Operator (NY-ISO Zone J), and Linden Cogen Unit 6 with a capacity of 180 megawatts.
In addition, it sells electricity to the PJM PSEG electricity market in New Jersey. Both are among the markets with the highest electricity demand and reserve in the United States. Furthermore, Linden Cogen holds long-term steam and electricity purchase agreements with major, investment-grade customers. Upon completion of the transaction, EGCO Linden II, LLC’s stake in Linden TopCo will increase to 38%.
