Information on the Target

Electricity Generating Public Company Limited, commonly known as EGCO Group, has demonstrated a strong financial performance in the first half of 2025, reporting a net profit of 5,734 million baht, reflecting an impressive year-on-year growth of 88%. This robust performance is primarily attributed to the company's effective "Triple P" strategy, which focuses on proactive asset recycling and strategic management of its energy portfolio. Furthermore, EGCO Group is on track to finalize the acquisition of the Wheatsborough Solar Farm in the United States in the latter half of 2025 and is actively negotiating 2-3 additional investments in gas-fired power plants and renewable energy projects.

Dr. Jiraporn Sirikum, President of EGCO Group, highlighted the challenges faced by global businesses during the first half of 2025, including economic uncertainty, geopolitical tensions, and trade impediments. Despite these adverse conditions, EGCO Group has successfully managed power plant operations, fuel costs, financial expenditures, and capital assets, thereby showcasing steady growth. Noteworthy achievements in the second quarter include acquiring a 49% stake in the 126-MW Downeast Wind facility in the U.S., representing a strategic addition to the company's growing portfolio, as well as the successful public listing of CDI Group on the Indonesian Stock Exchange, which enhances EGCO's investment opportunities.

Industry Overview in the Target's Specific Country

Thailand's energy sector is undergoing significant transformation, aligning with global trends toward sustainability and renewable energy. The government aims to increase the share of renewable energy in the national power mix to 35% by 2037, effectively tr