EGCO Books 2.8 Billion Baht Revenue from Power Plant Share Sale

Electricity Generating Public Company Limited (EGCO), a major power producer in Thailand, is expected to book approximately 2.8 billion baht in revenue from the sale of its 49% stake in Banpu Energy Service Company Limited (BES). BES is a joint venture with Banpu Power and Renewable Energy (BPP). This divestment is positioned as a strategic step for EGCO in optimizing and restructuring its business portfolio. EGCO has been continuously reviewing its assets to improve profitability and diversify business risks. The sale of BES, which is involved in power generation business within Thailand, will see EGCO transfer a portion of its shares to BPP. Through this transaction, EGCO aims to create new investment opportunities and focus resources on areas with higher growth potential. EGCO has established itself as a key energy provider not only in Thailand but also across the Asia-Pacific region. The company is also actively investing in the renewable energy sector, concentrating on building a sustainable energy supply system. The revenue generated from this share sale is expected to strengthen EGCO's financial foundation and serve as a funding source for future business expansion. Source: MGR Online (Business)