EGCO sells 49% stake in Ban Pong and Khlong Luang power plants

MGR Online•Economy•10d ago

Reader Briefing

EGCO Group sold a 49% stake in the Ban Pong and Khlong Luang power plants to J-POWER for approximately 2,765 million baht.

•EGCO sold a 49% stake in Ban Pong Utility (BPU) and Khlong Luang Utility (KLU) to J-POWER.
•The transaction resulted in immediate income of approximately 2,765 million baht.
•The share transfer and payment were completed on September 10, 2026.
•EGCO remains the majority shareholder with a 51% stake and continues to manage both plants.

•EGCO sold a 49% stake in Ban Pong Utility (BPU) and Khlong Luang Utility (KLU) to J-POWER Holdings (Thailand) Co., Ltd. (J-POWER).
•The transaction generated immediate income of approximately 2,765 million baht for EGCO.
•The sale is part of the "POWER4" strategy using an Asset Recycling approach to manage the portfolio proactively.
•Ban Pong Utility (BPU) and Khlong Luang Utility (KLU) have installed capacities of 256 megawatts and 122 megawatts respectively.
•Both plants have 25-year long-term electricity purchase agreements with the Electricity Generating Authority of Thailand (EGAT).
•The share transfer and payment process was completed on September 10, 2026.
•EGCO remains the majority shareholder of BPU and KLU with a 51% stake, maintaining their status as subsidiaries of EGCO Group.
•EGCO intends to use the acquired capital to invest in new high-potential projects aligned with clean energy and future technology.

Full article content is available on the original source.

Electricity Generating Public Company Limited(บริษัท ผลิตไฟฟ้า จำกัด (มหาชน))

An organization referred to as EGCO or EGCO Group that sold a 49% stake in two power plants.

J-POWER Holdings (Thailand) Co., Ltd.(บริษัท เจพาวเวอร์ โฮลดิ้งส์ (ประเทศไทย) จำกัด)

A global strategic partner referred to as J-POWER that purchased a 49% stake in two power plants.

Ban Pong Utility Co., Ltd.(บริษัท บ้านโป่ง ยูทิลิตี้ จำกัด)

A combined-cycle power plant company referred to as BPU with an installed capacity of 256 megawatts.

Khlong Luang Utility Co., Ltd.(บริษัท คลองหลวง ยูทิลิตี้ จำกัด)

A combined-cycle power plant company referred to as KLU with an installed capacity of 122 megawatts.

Electricity Generating Authority of Thailand(การไฟฟ้าฝ่ายผลิตแห่งประเทศไทย)ℹ️

The entity that holds 25-year long-term electricity purchase agreements with BPU and KLU.

Thawatchai Samranwanich(ธวัชชัย สำราญวานิช)

President of Electricity Generating Public Company Limited (EGCO).

A strategic framework used by EGCO to implement Asset Recycling.