Electricity Generating Public Company Limited
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Electricity Generating PCL (EGCO) is a leading power generation company in Thailand that is committed to providing sustainable and reliable energy solutions to its customers. The company operates in the power generation sector and is focused on decarbonisation and the use of renewable energy sources to reduce its carbon footprint and contribute to a cleaner environment.
EGCO was established in 1992 and has since grown to become one of the largest independent power producers in Thailand. The company operates a diversified portfolio of power plants that includes natural gas, coal, and renewable energy sources such as solar, wind, and hydro. EGCO's power plants have a total installed capacity of 5,260 MW, which accounts for approximately 10% of Thailand's total installed capacity.
Decarbonisation is a key focus area for EGCO, and the company is committed to reducing its carbon footprint by transitioning to cleaner energy sources. EGCO has set a target to reduce its carbon emissions intensity by 30% by 2030, compared to its 2019 baseline. To achieve this target, the company is investing in renewable energy sources such as solar and wind, and is also exploring the use of new technologies such as carbon capture and storage.
Corporate energy is another area of focus for EGCO, and the company is committed to helping its customers reduce their energy consumption and carbon footprint. EGCO offers a range of energy management services to its corporate customers, including energy audits, energy efficiency solutions, and renewable energy options such as solar PV systems. The company also offers corporate power purchase agreements (PPAs), which enable customers to purchase renewable energy directly from EGCO's renewable energy projects.
Renewable energy is a key growth area for EGCO, and the company is investing heavily in this sector. EGCO has a target to increase its renewable energy capacity to 30% of its total installed capacity by 2030, up from 10% in 2019. The company is investing in a range of renewable energy projects, including solar, wind, and hydro, and is also exploring new technologies such as energy storage.
EGCO's renewable energy portfolio includes several large-scale solar and wind projects, including the 260 MW Hanuman Wind Farm in Chaiyaphum province and the 55 MW Solar Power Plant in Lopburi province. The company is also developing several new renewable energy projects, including the 90 MW Khanom IV Solar Power Plant in Nakhon Si Thammarat province and the 220 MW Nam Ngiep 1 Hydropower Project in Laos.
Corporate PPAs are an important part of EGCO's renewable energy strategy, and the company has signed several agreements with corporate customers to supply them with renewable energy. In 2020, EGCO signed a 20-year PPA with PTT Public Company Limited, Thailand's largest oil and gas company, to supply 20 MW of solar power to PTT's facilities in Rayong province. The company has also signed PPAs with other corporate customers, including Bangkok Bank and Central Pattana.
In conclusion, EGCO is a leading power generation company in Thailand that is committed to decarbonisation and the use of renewable energy sources. The company's diversified portfolio of power plants includes natural gas, coal, and renewable energy sources such as solar, wind, and hydro. EGCO is investing heavily in renewable energy and has set a target to increase its renewable energy capacity to 30% of its total installed capacity by 2030. The company is also offering corporate energy solutions and PPAs to help its customers reduce their energy consumption and carbon footprint. With its focus on sustainability and innovation, EGCO is well-positioned to lead the transition to a cleaner and more sustainable energy future in Thailand and beyond.