EGCONews · 2026-04-26 00:00

EGCO Group sells 49% stakes in Ban Pong and Khlong Luang power plants to J-POWER as part of its asset recycling strategy.

EGCO Group has divested 49% stakes in its Ban Pong and Khlong Luang combined cycle power plants to J-POWER Holdings (Thailand) Co., Ltd. This strategic move aligns with EGCO's "POWER4" and "Asset Recycling" initiatives, aiming to enhance financial flexibility.

The transaction allows EGCO to reallocate capital towards new, high-growth business opportunities while strengthening its long-standing partnership with J-POWER for improved operational efficiency and future joint ventures.

Fast Facts

·Seller: EGCO Group
·Buyer: J-POWER Holdings (Thailand) Co., Ltd.
·Assets sold: 49% stakes in Ban Pong Utility (BPU) and Khlong Luang Utility (KLU)
·EGCO's remaining stake: 51% in BPU and KLU
·Ban Pong Utility (BPU): 256 MW combined cycle, Ratchaburi, COD Oct 1, 2017
·Khlong Luang Utility (KLU): 122 MW combined cycle, Pathum Thani, COD July 20, 2017
·Strategy: POWER4, Asset Recycling
·Signing date: April 23, 2026

Power Generation

Energy Trading

ESG & Finance

People Mentioned

Thawatchai Samranwanich

President at EGCO Group

Source

EGCO Group sells 49% stakes in Ban Pong and Khlong Luang power plants to J-POWER as part of its asset recycling strategy.