EGCO Group invests again in the United States, buying 50% of shares in the “Compass Power Plant Portfolio”

Electricity Generating Public Company Limited or EGCO Group continues to expand its investment in the United States, acquiring a 50% stake in the "Compass Portfolio" of power plants. Total production capacity of 1,304 megawatts has been commercially started. You can recognize increased returns immediately.

LLC), which is a wholly-owned subsidiary of EGCO registered in the United States. Signed a share purchase agreement with a Lotus subsidiary. Infrastructural Partners on September 8, 2023 to acquire a 50% stake in the "Campaise Power Plant Portfolio", a combined cycle power plant portfolio that Three sites use natural gas as fuel and are commercially operating, located in the northeastern region of the United States. Including Marcus Hook Energy LP (Marcus Hook), which owns a 912 megawatt combined cycle power plant outside of Philadelphia. Pennsylvania Milford Power LLC (Milford) owns the 205 megawatt combined cycle power plant and Daiton Power (Daiton) owns the plant. 187 MW of combined cycle and power plants, both located in Massachusetts;

All 3 power plants are located in strategic areas. Close to the centers of major cities with very high electric usage, including Philadelphia, Boston, and Providence. These areas have severe restrictions on the construction of new power plants. and has a policy aimed at transitioning the energy industry to using clean energy. This requires the power to produce electricity that enhances the stability of the system. The "Portfolio Campaz" benefits from the fact that Marcus Hook Power Plant has a long-term contract to sell the majority of its capacity to Long Island Power Authority. Authority – LIPA) and sell the remaining capacity to the PJM Power Trading Market (PJM), while the Milford Power Plant and the Daiton Power Plant sell their production capacity to the New Power Market. England (ISO-NE). All 3 power plants also sell electricity and provide services to strengthen the stability of the electrical system to the electricity trading market in the area where each power plant is located, namely PJM and ISO-NE .

“Investing in the “Campaz Power Plant Portfolio” will create additional growth for EGCO Group, which is in line with the company's strategy of focusing on acquiring shares in quality natural gas power plants. high which can generate returns and profits quickly and help support the goal of transitioning the world's energy industry to clean energy in the future,” Mr. Theparat concluded.

EGCO Group currently operates 3 projects in the United States, with a total equity generating capacity of 737 megawatts. EGCO Group has a total equity generating capacity of 6,317 megawatts (including operating power plants commercial units and projects under construction) with a total renewable energy production capacity of 1,364 megawatts (accounting for 22% of total production capacity), invested in 8 countries: Thailand, Lao PDR, Philippines, Indonesia, Australia, South Korea, Taiwan. and the United States.-Thai News Agency

Source: Thai News Agency