Electricity Generating Public Company Limited or EGCO Group held the annual 2024 Company Visit for investors on 9 September 2024 at its headquarters, Bangkok. The company’s senior executives, including Dr. Jiraporn Sirikum, President of EGCO Group, along with Chief Financial Officer, and Senior Executive Vice President-Operation Management, welcomed the visitors and provided key information about the company overview and its performance in the first half of 2024 as well as future business direction.

Dr. Jiraporn Sirikum, EGCO Group’s President, said that the Company Visit is a regular activity that offered an opportunity for investors to directly meet with EGCO Group’s senior management and ask questions or request more information. The main objective is to promote transparent, equal and equitable disclosure of information under the Stock Exchange of Thailand (SET)’s good governance principles of listed companies. The activity also promotes trust and tightens the relationship between EGCO Group and investors.

“In the first half of 2024, EGCO Group continued to maintain efficiency in managing our power plant portfolio and fuel cost of power plants in Thailand and abroad. The projects under construction all progress well as planned despite more challenging business environment. Yunlin offshore wind farm in Taiwan in particular has already completed the installation of 80 monopiles and 73 wind turbine generators (WTGs), 54 of which have already begun generating and transmitting electricity to the grid. We are confident that Yunlin project will be completed by the end of this year. By that time the project will constantly generate more revenue and strengthen cash flow of EGCO Group. Apart from this, we expect to close a M&A deal in Thailand and are working on a new power plant proposal,” Dr. Jiraporn concluded.

Throughout the past 32 years in electricity and comprehensive energy businesses, EGCO Group has been committed to the good governance practice, which is one of strong bases for sustainable business operation. As part of this commitment, EGCO Group has given high priority to disclosure of information in transparent, equal and equitable manner through its Investor Relations Department, official website (www.egco.com), official Facebook page (www.facebook.com/EGCOGroup), and various activities that provide regular and full access to information, such as the EGCO Site Visit, EGCO Company Visit, and participation in the Opportunity Day activity held by SET.

About EGCO Group 

As of 11 September 2024, EGCO Group has a total equity capacity of 6,993 MWe in operation and under construction. Total equity capacity from renewable energy is 1,437 MWe (equivalent to 21% of the total portfolio). The RE portfolio includes biomass, hydropower, solar power, onshore and offshore wind power, fuel cells, and battery storage. EGCO Group’s facilities and other projects are located in 8 countries, namely Thailand, Lao PDR, the Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition to power business, other energy-related businesses of the company include EGCO Engineering and Service Co., Ltd. (ESCO) providing power plant operations, maintenance, engineering, construction, energy conservation and training services to power and industrial plants in many industries; the infrastructure and utilities company “CDI” in Indonesia, Thai Pipeline Network Co., Ltd. (TPN), EGCO Rayong Industrial Estate (ERIE), “Innopower” which is a high tech start up incubator; and “Peer Power” which is a new financial technology company. EGCO Group has been listed in the Dow Jones Sustainability Index (DJSI) for four consecutive years (2020-2023).