Mr. Rawee Boonsinsukh, President and CEO of BCPG Public Company Limited (SET: BCPG), revealed that on 28 May, the company’s board of directors meeting No. 7/2026 approved the sale of investments in two natural gas power plant projects located in Pennsylvania, USA. The combined installed capacity according to the shareholding is 426 megawatts, with a total enterprise value of over USD 575 million, or approximately THB 18,754 million. The share transfer and payment settlement are expected to be completed within Q3/2026, which will help enhance liquidity and support the company’s future strategic investment plans.
Previously, a subsidiary of BCPG invested a 25% stake in Hamilton Holdings II, LLC, which holds interests in two natural gas power plant projects, namely: Hamilton Liberty (installed capacity of 848 MW), and Hamilton Patriot (installed capacity of 857 MW), both in Pennsylvania, USA. The total capacity according to BCPG’s shareholding is approximately 426 MW. The share sale will be executed jointly with all other shareholders in Hamilton, under drag-along rights conditions, which the company was notified of on 15 May 2026.
The share sale will yield roughly USD 354 million in cash for the company. Together with dividends previously received from the projects of approximately USD 72 million, the company’s total cash return from this investment will be 1.6 times the initial capital invested.
After this share sale, BCPG still has investments in the United States in two projects: Carroll County Energy LLC (CCE) and South Field Energy LLC (SFE), with a combined installed capacity of 431 MW according to shareholding. These projects continue to support the stability of BCPG’s operating results.
“This transaction will strengthen the company’s financial position and liquidity, while increasing financial flexibility to seize new business opportunities in the future. We expect to recognize profit from this sale in the third quarter of this year,” said Mr. Rawee.
In addition, BCPG plans to use the proceeds to invest in strategic clean energy and related infrastructure businesses, partially repay loans, and use as working capital to sustainably support the company’s long-term growth.
