BCPG Sells US Gas Power Plant Stake for 18 Billion Baht

Prachachat•Economy•2d ago

Reader Briefing

BCPG is divesting its stake in a US natural gas power plant for an estimated 18 billion baht, bolstering its financial position and seeking new clean energy investments.

•BCPG's board has approved the sale of its investment in a US natural gas power plant.
•The divestment is expected to generate approximately 354 million USD in cash, plus 72 million USD in dividends already received.
•The company plans to reinvest the proceeds into clean energy and related infrastructure, repay debt, and cover working capital.

Overview

•On May 15, 2026, BCPG received notification of Drag-along Rights concerning the sale of shares.
•On May 28, 2026, BCPG's Board of Directors Meeting No. 7/2026 resolved to approve the divestment transaction.
•The company announced that the divestment will be presented to the shareholders' meeting for approval.
•The Extraordinary General Meeting of Shareholders No. 1/2026 is scheduled for July 7, 2026, at 1:30 PM.
•BCPG is selling its stake in a US natural gas power plant.
•The sale is valued at an estimated 18 billion Thai baht, generating approximately 354 million USD in cash.
•The transaction will enhance BCPG's financial strength and liquidity, providing flexibility for future business opportunities.
•BCPG expects to recognize gains from the divestment within Q3 of 2026.
•BCPG intends to use the proceeds to invest in clean energy and infrastructure, repay debt, and fund working capital for sustainable growth.

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Key Quotes

Ravi Songpiriyakij

"This transaction will enhance the company's financial strength and liquidity, increasing financial flexibility to support new business opportunities in the future."

การทำธุรกรรมนี้จะช่วยเพิ่มความแข็งแกร่งด้านฐานะการเงินและสภาพคล่องของบริษัทพร้อมเพิ่มความยืดหยุ่นทางการเงินเพื่อรองรับโอกาสการทางธุรกิจใหม่ ๆ ในอนาคต

Key Entities

Organization

BCPG Public Company Limited(BCPG)ℹ️

A Thai renewable energy company divesting a stake in a US natural gas power plant.

Hamilton

A shareholder in the US natural gas power plant alongside BCPG, exercising Drag-along Rights.

Carroll County Energy LLC (CCE)

A power generation project in the United States in which BCPG retains an investment.

South Field Energy LLC (SFE)

A power generation project in the United States in which BCPG retains an investment.

Person

Ravi Songpiriyakij(นายรวี)

A company representative quoted on the financial impact and strategic intentions of the divestment.