EGCO to bid for six IPP contracts

Thailand?s first independent power producer, Electricity Generating Public Company Limited, EGCO Group, is to bid for six independent power producer (IPP) contracts in Indonesia and the Philippines as part of its expansion program in the region.

EGCO President Sahust Pratuknukul said it aimed to bid for all six IPPs, each with capacity of 900 megawatts, as reported by nationmultimedia.com.

It is seeking more investment opportunities in Indonesia after already acquiring a 40-percent share of Manambang Muara Enim coal mine.

EGCO is still focused on investment in ASEAN. It has raised its share in the Philippines' Quezon Power Plant by 45.87 percent to 98 percent and now owns 100 percent of InterGen Management Service (Philippines).

It has considered jointly investing in expanding Quezon's capacity by 500MW on a 50:50 investment basis of about US$500 million (Bt15.7 billion) with Manila Electric Co.

Currently EGCO has 20 active plants in Thailand and overseas, featuring combined capacity according to its shareholding in them of 4,708 megawatts.

Between 2016 and 2019, EGCO will build another plant in Khanom, Nakhon Si Thammarat, to replace the old one with capacity of 900MW. (*)