Bangkok, EGCO aims to close new deals to support annual revenue growth of at least 30,000 million baht as planned, preparing to tackle infrastructure-electricity. in America-ASEAN
Mr. Theparat Theppitak, President of EGCO Group Public Company Limited (EGCO), revealed that the company is following the situation of the Israel-Hamas war. which is expected to not escalate But if it escalates, energy prices will increase like in 2022 when the Russian war invades Ukraine. The company expects there will not be much impact. Because most of the increased costs are already passed on to the selling price. and is expected to have no effect on negotiations for new business transactions (deals) that the company is in the process of negotiating. The goal is to acquire approximately 30,000 million baht per year, with this year going according to plan.
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Recently, preparations were made to acquire 50% of shares in the Compass Portfolio of 3 power plants with a total production capacity of 1,304 megawatts in the United States. The deal is expected to close by the end of this year. And the company is still in the process of negotiating to invest in additional infrastructure and new power plants in the ASEAN-US region. It is expected that the deal will be closed by the end of this year. Or at the latest, not later than the beginning of next year as well.
Currently, the company has investments in 8 countries, including Thailand, Lao PDR, Taiwan, the United States, South Korea, Indonesia, the Philippines, and Australia. Its total production capacity according to shareholding is 7,023 megawatts, divided into 57% overseas and 43% domestic, along with 61% natural gas, 19% coal, and 20% renewable energy.
“It is expected that operating results in the 4th quarter of 2023 will reach the highest point of the year. Due to entering the high season of the power plant business Because it's winter As a result, the demand for energy increases around the world. In addition, the company will close deals to invest in additional power plants from the United States. This will encourage the company to gradually recognize income from the total production capacity that has increased. If the Campaz power plant deal is closed as planned The company will record the income in the budget immediately. And it is expected that the proportion of profits from the investment portfolio in the United States will increase by more than 1-fold. The total electricity generating capacity in the United States is 1,926 megawatts, or 27.4% of the company's total generating capacity,” Mr. Theparat said.
The company currently has investments in 8 countries: Thailand, Lao PDR, Taiwan, United States, South Korea, Indonesia, Philippines, and Australia. The total production capacity according to the shareholding is 7,023 MW, divided into 57% overseas and 43% domestic, along with 61% natural gas, 19% coal and 20 renewable energy. % This year's total income trend will grow from last year's 61,725 million baht because new power generation capacity is expected to come in at more than the target of 1,000 megawatts, while the investment budget is expected to be worth approximately 30,000 million baht. According to the goals set.
Source: Thai News Agency