Egco targets new assets to boost power

Quick Summary:

Electricity Generating Plc (Egco), a power generation arm of Electricity Generating Authority of Thailand, plans to increase its investment budget to acquire more assets this year, aiming to add new power generation capacity of 1,000 megawatts each year.

Additional capacity is also supplied by a gas-fired co-generation facility in Rayong.

Egco has spent half of its 30-billion-baht budget allocated for this year and the remaining funds may be insufficient if the acquisition costs of new assets are high, said Jiraporn Sirikum, the newly appointed president of Egco.

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Article Details

Category: EconomyBusiness

Markets: ThailandTaiwan

Topics: Facility Energy Renewable Company Egco Power Generation Capacity Jiraporn Rayong Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 06:25:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21405680

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