Egco allots B150bn on expansion through 2025

Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand (Egat), plans to spend 150 billion baht to expand its businesses through 2025 and seek new opportunities in infrastructure projects, which are seen as an economic booster for Thailand.

In the power generation business, the company expects to add new capacity of 1,000 megawatts to its portfolio this year, mainly through 3-4 asset acquisitions currently under negotiation.

The talks are progressing and the details should be announced within this year, Egco president Thepparat Theppitak said yesterday.

Egco plans to spend 37 billion baht for the purchase deals, targeting both fossil-fired and renewable power plants in Vietnam, the Philippines, South Korea, Taiwan and the US.

The company has total power generation capacity of 6,016MW under power purchase…