EGCO Group aggressively generates electricity from ‘Hydogen’ with an investment of 30,000 million baht this year.

EGCO Group aggressively generates electricity from ‘Hydogen’ with an investment of 30,000 million baht this year.

Mr. Theparat Theppitak, President of Electricity Generating Public Company Limited or EGCO Group, revealed that EGCO Group has worked with partners and EGAT to study and develop “Generation of electricity from hydrogen with solid oxide fuel cell technology and electric water separator technology”, which is considered the future power generation technology. with the advantages of easy and flexible installation Consistent and reliable power generation as well as having very low air and water emissions to near zero. Thus closing the weaknesses of traditional fossil fuel and renewable power generation. Currently, this technology has been applied in the United States, Japan, India and South Korea, with a total capacity of about 600 megawatts.

For the year 2022, EGCO Group prepares an investment budget of more than 30 billion baht to expand investment and seek business opportunities. Divided into investment in the original project of 8,000 million baht and expanding investment into related energy businesses such as fuel and utilities. Including expanding the core business with innovation and energy technology to add another 1,000 megawatts of power this year, which will take a budget of 22 billion baht. Investment opportunities will be sought around the world. Currently, it is in negotiations with many countries in many countries. To have new projects added to the portfolio

This is expected to result in an increase in revenue of the company. Meanwhile, the operating profit in 2022 will see an increase in operating profit following the recognition of full-year operating income from the Linden Cogen power plant and the investment in “Apex” and Recognition of revenue from 3 new projects to be launched and commercially operating in 2022, namely, the project to expand the oil pipeline transportation system to the northeastern region, the “Nam Theun 1” power plant in Lao PDR. Including the gradual commercial operation of the “Yunlin” power plant in Taiwan, which will help increase the balance. in the portfolio and will generate good returns for shareholders in the long run

However, EGCO Group currently has a total renewable power generation capacity of 1,364 megawatts and has built on its success through a 17.46 percent stake in Apex Clean Energy Holding, a leading company in Develop a large clean energy project in the United States. After EGCO Group took over in late 2021, Apex has sold 2 wind power projects with a capacity of 496 megawatts. amount of 435 million baht, currently Apex There is a clean energy project under construction. with a capacity of approximately 492 megawatts; there are also more than 42,000 megawatts of projects under development.

For the progress of working with The Industrial Estate Authority of Thailand (IEAT) operates the EGCO Rayong Industrial Estate. In the Eastern Special Development Zone (EEC) that is currently in the process of bringing various benefits of the area to make a marketing plan to attract investors in the future in parallel with the development of infrastructure and utilities Which is believed to have received a lot of attention from investors.