'BCPG' Sells US Gas Plant for 18.7 Billion to Fund New Investments

Thansettakij•Economy•1d ago

Reader Briefing

BCPG finalized the sale of its US gas power plant for THB 18.754 billion to enhance its financial liquidity for future strategic investments.

•BCPG will sell its investment in two gas power plants in Pennsylvania, USA, with a total proportion of 426 MW, for over USD 575 million (approx. THB 18,754 million).
•The transaction is expected to be completed in the third quarter of 2026, providing BCPG with enhanced liquidity and operational flexibility.
•The company plans to use the proceeds for clean energy and related infrastructure investments, debt repayment, and working capital for sustainable growth.

•The BCPG Board of Directors, in its 7/2026 meeting, approved the sale of investment in the Hamilton Patriot project and other gas power plants in Pennsylvania, USA.
•BCPG will sell its investment in gas power plants totaling 426 MW proportion, for a total enterprise value exceeding USD 575 million, or approximately THB 18,754 million.
•The transaction is expected to be completed and payment received within the third quarter of 2026.
•The sale is intended to enhance BCPG's liquidity and support future strategic investment plans in clean energy and related infrastructure.
•The sale will be presented to shareholders for approval at the Extraordinary General Meeting of Shareholders No. 1/2026 on Tuesday, July 7, 2026.
•The company will receive approximately USD 354 million in cash from the sale, adding to USD 72 million received as dividends from the project, totaling USD 426 million.
•The sale will strengthen BCPG's financial position and liquidity, providing financial flexibility for future business opportunities.
•BCPG expects to recognize profit from the sale of investment within the third quarter of 2026.

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BCPG

"'BCPG' targets EBITDA growth to 7,000 million in year 71 and invests an additional 15,000 million."

‘BCPG’ ปักเป้าดัน EBITDA โตแตะ 7,000 ล้านปี 71-ลงทุนเพิ่ม 1.5 หมื่นล้าน

An energy company involved in the sale of its US gas power plant.

Carroll County Energy LLC (CCE)

An ongoing gas power plant project in the USA that BCPG still invests in.

South Field Energy LLC (SFE)

An ongoing gas power plant project in the USA that BCPG still invests in.

Hamilton Patriot

A gas power plant project in Pennsylvania, USA, that BCPG is selling.

Pennsylvania(เพนซิลเวเนีย)ℹ️

The US state where BCPG's gas power plants are located.