SET-listed Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, plans to increase its power generation capacity by around 1 gigawatt and will continue to acquire more assets to grow its energy portfolio.
The company allocated capital spending of 30 billion baht for 2022, with 24 billion baht to support the capacity expansion and the remaining 6 billion baht to go to new energy-related businesses.
Egco expects its capacity to increase to nearly 7GW, up from 5.9GW at present, generated by 30 power plants, both in operation and under construction.
