EGCO closes deal to sell 49% stake in Ban Pong-Khlong Luang power plants to J-POWER, recognizing 2,765 million baht in revenue

Corporate ActionM&A · Partnership
โดย InfoQuest·TH·Read original
Summary · why it matters

EGCO, or Electricity Generating Public Company Limited, announced the closing of a deal to sell a 49% stake in Ban Pong Utility Company Limited, or BPU, and Khlong Luang Utility Company Limited, or KLU, to international strategic partner J-POWER Holdings (Thailand) Company Limited, or J-POWER, resulting in immediate recognition of approximately 2,765 million baht in revenue. The two power plants are combined-cycle facilities with total installed capacities of 256 megawatts and 122 megawatts respectively, backed by 25-year long-term power purchase agreements with the Electricity Generating Authority of Thailand, as well as agreements to sell electricity and steam to industrial customers in the area. The share transfer and payment were completed on September 10, 2026. After the transaction, EGCO Group remains the major shareholder with a 51% stake and continues to manage both power plants, keeping BPU and KLU as subsidiaries of EGCO Group. Thawatchai Samranwanich, President of EGCO Group, said the closing of this deal marks a key success in driving the Asset Recycling strategy under the POWER4 strategic framework, helping strengthen the financial structure and enhance the ability to allocate capital for investment in new projects with higher returns, while supporting a 30,000 million baht investment budget from the PDP 2026 plan, Direct PPA projects, BESS projects, and the expansion of natural gas and renewable power businesses overseas, especially in the United States.

Impact on stocks 2

Energy Transition & Power Demand▲ · 2 stocks
Electric Power Development Co., Ltd.
9513
± MixedCapitalrelevance

J-POWER is the buyer acquiring a 49% stake in the two Thai power plants, but the article gives no financial terms or impact for J-POWER itself.

Theme Impact 1

Off-coverage companies 2

Ban Pong Utility Co., Ltd. (BPU)Private± Mixed
Capitalrelevance

BPU is one of the two power plants whose 49% stake is being sold; the article does not state a separate impact on BPU.

Khlong Luang Utility Co., Ltd. (KLU)Private± Mixed
Capitalrelevance

KLU is one of the two power plants whose 49% stake is being sold; the article does not state a separate impact on KLU.

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