Electricity Generating Public Company Limited or EGCO Group led by President, Dr. Jiraporn Sirikum, together with EGCO Group’s top management received the prestigious “Green Financing Deal of the Year” from The Asset Triple A Sustainable Infrastructure Awards 2024. This recognition applauds EGCO Group’s successful inaugural Green Debentures issuance of THB 7 billion issued in November 2023, a move that reinforces the Company’s commitment to advancing its sustainability objectives. The Asset Triple A Sustainable Infrastructure Awards organized by The Asset Magazine, a leading financial magazine in Asia, to honor institutions and transactions across Asia that have a made meaningful impact on the infrastructure development within the region. The award presentation ceremony was held in Singapore on 9 July 2024.

Dr. Jiraporn Sirikum, EGCO Group’s President, said, “The award underscores EGCO Group’s success in green bond issuance, which is in accordance with our “Cleaner, Smarter and Stronger to drive sustainable growth” business direction. EGCO Group focuses on growing power generation capacity from renewable and clean energy in its portfolio to achieve its short-term goal on increasing renewable capacity up to 30% of the total capacity by 2030. In addition, we are improving our conventional power plants to become more environmentally friendly by the implementation of cutting-edge technologies in sustainably support of the energy transition in Asia.”

EGCO Group offered its first green debentures of five tranches with a total issue size of THB 7 billion under private placement to institutional and high-net-worth investors in November 2023. The debentures were well received and trusted by more than 80 investors who have indicated demand of an equivalent of 3.15 times over the company’s initial target issue size of THB 6.5 billion. Thus, EGCO Group has seized the opportunity to exercise THB 500 million greenshoe option to accommodate and expand its investors base. These issuances received an AA+ rating from TRIS Rating Co., Ltd. and were under EGCO Group’s newly established THB 30 billion MTN program in 2023. The Joint Lead Arrangers and Joint Green Structuring Advisors are Bangkok Bank, Krungthai Bank, and Bank of Ayudhya.

About EGCO Group

As of 30 June 2024, EGCO Group has a total equity capacity of 7,003 MWe in operation and under construction. Total equity capacity from renewable energy is 1,447 MWe (equivalent to 21% of the total portfolio and growing). 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 that EGCO Group owns together with its partners EGAT and RATCH Group; and “Peer Power” which is a new financial technology company. EGCO Group has been listed on the 2023 Dow Jones Sustainability Index (DJSI) for the 4th consecutive year.