Mitihiin – Electricity Generating Public Company Limited or EGCO Group has announced its 2026 business plan, centered on the “POWER4” strategy and a 30-billion-baht investment program to expand its natural gas and renewable power plant portfolio in Thailand and overseas. The company will also continue exploring new investment opportunities in energy-related businesses, aiming to drive long-term growth and enhance power security during the energy transition.
Mr. Tawatchai Sumranwanich, President of EGCO Group, said, “Amid the energy transition and the growing impacts of climate change, EGCO Group remains committed to advancing its business and driving sustainable growth in all dimensions. Our “POWER4” strategy is designed to strike a balance between strong operating performance, continuous business expansion, and our goal of becoming a low-carbon organization.”
The POWER4 strategy comprises four key pillars:
- Profitability and Performance Energizing:
EGCO Group aims to enhance revenue and profitability while maintaining financial stability to manage debt ratios and preserve company credit ratings. The company will also continue its consistent dividend payment policy to deliver long-term value to shareholders.
- Power and Energy-related Focus:
EGCO Group will prioritize investment in its core power business, with a focus on both renewable energy and natural gas power plants, which play critical roles in supporting the energy transition. To drive long-term growth in renewables, the company will pursue investments through mergers and acquisitions (M&A) and greenfield projects, while also exploring opportunities in energy-related businesses such as fuel and utility services, hydrogen supply chains, private solar PPAs, and power and energy solutions for data centers. Investment expansion will target Thailand and six other countries where the company currently operates.
- Portfolio Optimization:
The company will continue to improve operational efficiency, reduce costs, and create strategic synergies across its subsidiaries. Portfolio optimization will be pursued through asset recycling, with proceeds reinvested into new growth businesses, as well as by strengthening its investment portfolio in the U.S. energy market to support long-term, sustainable growth.
- Proactive Organizational Excellence:
EGCO Group will focus on enhancing its organizational structure and upskilling its workforce with new knowledge and capabilities. Artificial intelligence and digital technologies will be integrated into operations to improve efficiency and performance. The company is currently evaluating the application of AI across its power plants to ensure solutions are tailored to each facility’s needs, helping to enhance power generation and operational efficiency.
EGCO Group has allocated a 30-billion-baht budget for strategic investments in 2026. The Group will seek opportunities to invest in high-quality natural gas and renewable power plants through M&A as well as greenfield developments. Investment will focus on markets where EGCO Group already has an established presence, particularly the United States – one of its key investment markets over the past five years – and Indonesia through investments via CDI Group.
The company remains confident in its growth prospects, supported by full-year income recognition from overseas investment projects, especially in the United States. In the U.S., EGCO Group has invested in the 251-MW Pinnacle II power plant and increased its stake in Linden Cogen to 38%. These investments are expected to benefit from rising electricity demand driven by data center expansion and increased AI adoption, while power sales prices in the U.S. remain at satisfactory levels. In the Philippines, EGCO Group will also benefit from full-year income recognition from Quezon power plant under its new 400-MW power purchase agreement.
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