Electricity Generating Public Company Limited or EGCO Group held the Shareholders’ 2022 Annual General Meeting through Electronic Means (E-AGM) on Tuesday, 19 April 2022 at 14.00 hrs., informing shareholders about the company’s performance and encouraging the shareholders to participate in driving and monitoring the performance of EGCO Group’s Board of Directors and the Management. The meeting was held in compliance with COVID-19 preventive measures.

The shareholders in the E-AGM discussed and voted on several agenda items, including the interim dividend payment for the first six months of 2021 at Bt3.25 per share, which has already been paid. The meeting also approved dividend payment for the second-half of 2021 at Bt3.25 per share. The record date for shareholders eligible to receive the second dividend payment was set on 15 March 2022, payable on 27 April 2022. The total dividend payment from the operating performance in 2021 was Bt6.50 per share, totaling Bt3,422 million which was the same amount as in 2021.

In addition, the shareholders approved the issuance and offering of new batch of debentures with total value not exceeding Bt30,000 million or equivalent. The proceeds from the new debenture offering will be used for working capital, refinancing, and future investment and business expansion in the direction of “Cleaner, Smarter and Stronger to Drive Sustainable Growth”.

To pursue such a business direction, EGCO Group has established a comprehensive growth strategy, strengthening its power generation business with the goal of increasing new electricity generation capacity by at least 1,000 MW by 2022. At present, the Company’s  equity contracted capacity is 5,959-MW, from 30 power plants in spread across eight countries. The Company has also been thriving to expand its investment in the renewable and alternative energy business such as Hydrogen Fuel Cell which could become the primary energy source of future. Additionally, EGCO Group has extended its arms into related businesses.

Mr. Thepparat Theppitak, EGCO Group’s President, said, “EGCO Group is fully committed to its policy of maintaining of a consistent dividend payment rate. In parallel, we always seek for business expansion, in response to the global energy trends, Thailand’s National Energy Plan, and the low-carbon society trend. We have also dedicated to running sustainable business with adherence to ESG (Environmental, Social and Governance) framework that drives our mission of "securing continuous growth in order to maximize shareholder value."

About EGCO Group
EGCO Group currently has a total equity contracted capacity of 5,959 MW. Total capacity from renewable energy is as high as 1,364 MW. These power plants are located in eight countries, namely Thailand, Laos PDR, Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition, its energy-related businesses include Oil Pipeline Extension to the Northeastern Region project, EGCO Rayong Industrial Estate project, the license to source and supply LNG in Thailand, financial technology company (Peer Power), innovation research and development company (Innopower), and clean energy development company (Apex Clean Energy Holdings).