Electricity Generating Public Company Limited or EGCO Group confirmed the completion of the sale of its EGCO Groupthe companythe company% ownership interest in Boco Rock Wind Farm Pty Ltd (BRWF), the company that holds a EGCO GroupEGCO Group3 MW wind farm located in the state of New South Wales, Australia, to Tilt Renewables, a renewable company in Australia.
Dr. Jiraporn Sirikum, President of EGCO Group, said, "The transaction of the sale of 100% ownership interest in the BRWF between Millennium Energy B.V. (Millennium), a wholly owned subsidiary of EGCO Group, and Tilt Renewables was fully completed on 7 March 2025. This marks the withdrawal of EGCO Group from the BRWF. The divestment in the BRWF follows EGCO Group's "Triple P" strategy to emphasize portfolio management for asset recycling to reinvest in new projects with higher growth potential that create long-term continuous growth."
EGCO Group continues to focus on expanding power generation capacity both domestically and internationally. This will include natural gas-fired power plants, which are crucial for energy security during the energy transition, as well as renewable energy plants, with an aim to increase renewable energy capacity up to 30% of total power capacity by 2030.
Electricity Generating Public Company Limited or EGCO Group, led by Dr. Prasert Sinsukprasert, Chairman, together with Board of Directors and Dr. Jiraporn Sirikum, President, convened the Shareholders' 2025 Annual General Meeting through electronic means (E-AGM) to inform the shareholders about the company's performance of 2024, significant advancements in business operations in Thailand and abroad, as well as the future investment plan. The meeting approved a dividend payment for the second
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