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BCPG Sells US Gas Plants for 18.75 Billion Baht, Books Q3 Profit

BCPG Sells US Gas Plants for 18.75 Billion Baht, Books Q3 Profit

MGR Online•Economy•2d ago

Reader Briefing

BCPG announced the sale of two US gas power plants for over 18.75 billion baht, expecting to recognize profit in the third quarter.

  • •BCPG's board approved the sale of equity in two gas power plants in Pennsylvania, USA.
  • •The total transaction value is over 575 million USD (approximately 18,754 million THB).
  • •The sale is expected to be completed and payment received within Q3 2026.
  • •BCPG plans to invest the proceeds in clean energy and related infrastructure, repay debt, and provide working capital.

Overview

  • •On May 28, 2026, the Board of Directors of BCPG held its 7/2026 meeting and resolved to approve the transaction.
  • •The Extraordinary General Meeting of Shareholders No. 1/2026 is scheduled for July 7, 2026, at 1:30 PM via E-Meeting.
  • •BCPG is selling its 25% stake in Hamilton Holdings II, LLC, which owns two gas power projects.
  • •The total transaction value is over 575 million USD, approximately 18,754 million THB.
  • •BCPG will receive approximately 354 million USD in cash from the sale, plus 72 million USD in dividends previously received.
  • •The two sold plants, Hamilton Liberty and Hamilton Patriot, have a total installed capacity of 1705 MW, with BCPG's proportional share being 426 MW.
  • •The sale is conducted under Drag-along Rights, with BCPG having received notification on May 15, 2026.
  • •BCPG expects to recognize profit from this investment sale within the third quarter of 2026.

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Key Quotes

Ravee Boon Syntuck
"This transaction will strengthen the company's financial position and liquidity, while increasing financial flexibility to support new business opportunities in the future. Profit recognition from the sale of investment is expected within Q3 2026."
การทำธุรกรรมนี้จะช่วยเพิ่มความแข็งแกร่งด้านฐานะการเงินและสภาพคล่องของบริษัทฯ พร้อมเพิ่มความยืดหยุ่นทางการเงินเพื่อรองรับโอกาสการทางธุรกิจใหม่ๆ ในอนาคต โดยคาดว่าจะสามารถรับรู้กำไรจากการจำหน่ายเงินลงทุนดังกล่าวได้ภายในไตรมาส 3 ปี 2026

Key Entities

Organization

BCPG Public Company Limited(BCPG)ℹ️
An organization that is selling equity in two US gas power plants.
Hamilton Holdings II, LLC
A holding company in which BCPG has a 25% stake, owning two gas power plants.
Carroll County Energy LLC (CCE)
A gas power project in the United States that BCPG continues to invest in.
South Field Energy LLC (SFE)
A gas power project in the United States that BCPG continues to invest in.

Place

United States of America(สหรัฐอเมริกา)ℹ️
The country where the two gas power plants being sold are located.
Pennsylvania(รัฐเพนซิลเวเนีย)ℹ️
The US state where the two gas power plants are located.

Person

Ravee Boon Syntuck(รวี บุญสินสุข)
Chief Executive Officer and President of BCPG Public Company Limited.