Kyushu Electric Power announced on May 14, 2019, that it would participate in the management of Electricity Generating Public Company (EGCO), one of the largest Independent Power Producers in Thailand, by indirectly acquiring about 6% of its shares.
Kyushu Electric Power purchased a 25% share of TEPDIA Generating B.V. (TEPDIA), a Thailand based power generation company, from Mitsubishi Corporation. TEPDIA owned a 24.57% share of EGCO. Kyushu Electric Power has endeavored to expand its overseas electricity business. The ownership of EGCO has contributed the company’s equity ownership in overseas electricity generation projects, which has reached approximately 2,300MW.[1]
In addition to Mitsubishi Corporation, JERA[2], a Japanese energy business company, also participates in EGCO’s management.
EGCO was established by the Electricity Generating Authority of Thailand in 1992 and currently operates 27 power plants (total equity ownership: 5,154MW) in six countries, including Thailand. EGCO has been focusing on renewable energy, such as solar, wind, hydro, and geothermal.