Mr. Chanin Chaonirattisai, President of Electricity Generating Public Company Limited or EGCO Group revealed the progress of the Company’s operating performance for the third quarter of 2016 that “The Company has recorded satisfactory operating results as targeted, mainly due to the increased operating profits of Khanom power plant Unit 4 and overseas large-scale power plants. Such continuous growth proved our capability in ensuring maximum efficiency of existing power plants and the close monitoring of our assets. Equally important, we have focused on managing projects under construction to be completed as scheduled and within the planned budget.  As such, the new 80MW “Chaiyaphum Wind Farm” power project is on its schedule for commercial operation in December 2016.

For the third quarter of 2016 ending 30 September 2016, EGCO Group’s operating profit before the effects of Foreign Exchange, Deferred Tax, Lease Income and Income from Service Concession and Impairment was 2,781 million baht, a rise of 119 million baht when compared to the same period last year. Considering the first nine months, the Company has successfully posted 7,080 million baht operating profit before the effects of Foreign Exchange, Deferred Tax, Lease Income and Income from Service Concession and Impairment, an increase of 519 million baht from last year.

Presently, EGCO Group is constructing seven domestic and overseas power projects that are scheduled to start commercial operations from late 2016 until 2019. Meanwhile, the Company is pursuing investment opportunities in six overseas projects including two projects in Laos; 912MW “Pak Beng” hydropower project which has been submitted to the Mekong River Commission for the project review by the Government of Laos and 650MW “Nam Thuen 1” hydropower project, two projects in Indonesia; expansion of 120MW “Star Energy” geothermal power plant and Chevron’s geothermal power plants which the Company eyes for bidding. The Company is also pursuing in 1,220MW “Quang Tri” coal-fired power project in Vietnam and a power project in Dawei Industrial Estate in Myanmar. EGCO Group is also well prepared for domestic investment opportunities including renewable energy projects.

EGCO Group’s President added that “EGCO Group was recently among 55 listed companies ranked in Thailand Sustainability Investment (THSI) 2016 list for two years in a row. To pass sustainability assessment conducted by the Stock Exchange of Thailand (SET), each participating firm shall have outstanding performance on Environmental, Social and Governance (ESG) aspects and must achieve scores at least 50 percent in economic, social and environmental dimensions. Additional criteria embracing business performance and governance aspect related to ESG was added to serve the need of investors who are keen to invest in firms with sustainability performance.”

About EGCO Group
As of October 2016, EGCO Group runs 23 operating power plants with total equity contracted capacity of 4,049 MW in 5 countries across the Asia Pacific region – Thailand, Lao PDR, the Philippines, Indonesia and Australia. There are 7 projects under construction with total equity contracted capacity of 941 MW. The Company’s power plants generate electricity using several fuel sources such as natural gas, coal, biomass, waste, hydro, solar, wind, and geothermal.