Electricity Generating Public Company Limited or EGCO Group (SET: EGCO) revealed its business direction for the second half of 2026, moving forward to drive its growth portfolio with an investment budget of 30 billion baht through proactive portfolio management and asset recycling, while focusing on quality assets that generate strong cash flow and enhance earnings quality and stability.
The company is also poised to capture five growth opportunities arising from the government’s PDP 2026 and Direct PPA policies, including existing power plants, renewable energy, BESS, SMR technology, and EGCO Rayong Industrial Estate (ERIE), in response to the Data Center trend, while further expanding its business presence in the United States. At the same time, the Board of Directors approved an interim dividend payment of 3.25 baht per share, representing a dividend yield of 4.96%, underscoring the company’s strong business fundamentals and consistent cash flow.
Mr. Tawatchai Sumranwanich, President of EGCO Group, said, “Our strong performance in the first half of 2026 reflects EGCO Group’s strategic resilience and strict financial discipline amid external uncertainties and geopolitical volatility. One of our key strengths lies in our diversified portfolio management approach, which systematically spreads risk across the countries in which we invest, as well as across power generation fuels, technologies, and energy-related businesses. This enables the company to maintain stable cash flow, while generating solid returns and consistently paying dividends to shareholders in line with our established policy.”
Strong Dividends Reinforces Shareholder Confidence
Backed by solid business fundamentals and strong performance during the first six months of 2026, EGCO Group has maintained its ability to consistently pay dividends, in line with its policy of providing regular payments to shareholders. On 21 August 2026, the Board of Directors approved an interim dividend payment based on the company’s performance in the first half of 2026 at 3.25 baht per share, representing a dividend yield of 4.96% (based on the share price as of 21 August 2026). The dividend payment is scheduled for 18 September 2026.
2H2026 Outlook: 30 Billion Baht Investment Budget to Drive ‘POWER4’ Strategy
Mr. Tawatchai added, “For the business direction in the second half of 2026, EGCO Group will continue to drive growth under the ‘POWER4’ strategy, focusing on investments in flexible gas-fired power plants and high-quality renewable energy assets that generate strong cash flow and create long-term value. At the same time, we will proactively manage our portfolio through Asset Recycling (strategic asset rotation) to enhance financial flexibility, support investment expansion both domestically and internationally, particularly in the United States, which is the company’s second-largest investment market.”
Highlighting Five Key Growth Opportunities from PDP 2026 and Direct PPA
With EGCO Group’s strengths and capabilities, including a well-balanced investment portfolio (Diversified Portfolio), strong financial position and cash flow (Financial Resilience), extensive experience in power and energy business (Proven Expertise), and assets in high-potential locations (Strategic Assets & Locations) that are well positioned to support sustainable growth, these two government policies will arise business opportunities for EGCO Group across five key areas:
- Expansion of existing power generation capacity (Conventional Power Generation) – The company sees opportunities to further develop its existing power plants, particularly assets with sufficient space to accommodate capacity expansion and existing grid connection readiness, which would help reduce development time and risks associated with new projects.
- Development of New Renewable Energy Projects (Renewables) – With extensive experience in renewable energy investments both domestically and internationally, the company is well positioned to participate in future bidding rounds and pursue the development of new projects under PDP 2026 as soon as the framework and implementation details become clear.
- Development of Battery Energy Storage System (BESS) – In addition to renewable energy, the company sees opportunities to develop BESS, which will be a key infrastructure component of the future power system. BESS can enhance power system stability, increase flexibility in managing electricity for customers, accommodate growing electricity demand, and support more efficient integration of renewable energy into the power system. The company has experience developing several BESS projects under Apex Clean Energy (APEX) in the United States.
- Future Energy Technology: SMR (Small Modular Reactor) – The company continues to closely monitor developments in SMR technology, viewing SMRs as a potential key option for highly reliable baseload power generation alongside long-term carbon reduction goals. The company places importance on building knowledge and preparedness, as well as establishing cooperation with leading international partners, to prepare for the future transition of the energy industry.
- Development of EGCO Rayong Industrial Estates (ERIE) – The ERIE project in Rayong province is positioned as a new-generation business model integrating energy and comprehensive utility services (Integrated Energy Platform) across four areas: 1) Industrial Estate – selling and leasing land together with utility systems; 2) Power Generation – developing new power plants and small-scale power plants within the industrial estate; 3) Direct PPA – directly supplying clean power to industrial customers; and 4) Data Center Co-investment – jointly investing in and supplying clean energy to Data Center operators.
Overseas Investment Opportunities
For overseas investments, EGCO Group continues to seek opportunities to expand its investments across the six countries where it already has an established business presence, particularly in the United States, which represents the company’s second-largest investment portfolio after Thailand. The company will focus on both high-quality gas-fied power projects and renewable energy, while remaining open to new investment opportunities that can support the company’s long-term growth.
