EGCO Group Kicks Off Commercial Operation of “EGCO Cogeneration SPP Replacement” Power Plant

Electricity Generating Public Company Limited (SET: EGCO) or EGCO Group successfully commenced commercial operation of EGCO Cogeneration SPP Replacement power plant in Rayong province. The new power plant with a net capacity of 74 megawatts replaces the existing power plant whose power purchase agreement (PPA) expires and will increase the energy utilization efficiency and is more environmentally friendly thanks to the latest and advanced technology. EGCO Group will immediately recognize the additional income generated by the new power plant.

Mr. Thepparat Theppitak, President of EGCO Group, said, “EGCO Cogeneration SPP Replacement power plant has already started its commercial operation and transmitted power to the Electricity Generating Authority of Thailand (EGAT)’s grid since 28 January 2024, which will enable it to immediately recognize revenue. The new power plant, owned by EGCO 80% and J-Power Holdings (Thailand) Co., Ltd. 20%, uses the latest and advanced technology that reduces natural gas consumption per unit by 15% compared to that in the old power plant, which means better energy utilization efficiency and less impact on the environment. The power plant will not only strengthen the operation and growth of our industrial customers, but also increase the country’s power security.”

The EGCO Cogeneration SPP Replacement power plant with a net capacity of 74 megawatts replaces the existing power plant after its PPA expires. This gas-fired cogeneration power plant is located in Rayong Industrial Park, Map Kha sub-district, Nikhom Pattana district, Rayong province, which is a strategic area with high electricity demand. The new facility will sell electricity to EGAT under a 25-year PPA for SPP replacement scheme with a contracted capacity of 28 megawatts, while the rest of the electricity output and stream from the electricity generating process will be sold to the industrial users in the Rayong Industrial Park and nearby areas.

“The power plant’s successful commercial operation and electricity distribution fulfills EGCO Group’s strategic plan that aims to drive continuous and sustainable business growth. At the same time, it enables us to deliver added value to our stakeholders according to our “Cleaner, Smarter, and Stronger to Drive Sustainable Growth” business direction. It will also strengthen energy security in the industrial sector while reducing impact on the environment,” concluded Mr. Thepparat.