Bangkok, 'EXCO' reveals its investment plan in 2024, setting a budget of 30,000 million baht, increasing production capacity by 1,000 megawatts per year, aiming to find existing partners in 8 countries after closing deals with 3 power plants in United States and is studying data on electricity production from clean energy from large companies in the United States, totaling 238 projects with a production capacity of 60,543 megawatts. Mr. Debarat Theppitak, President Electricity Generating Public Company Limited (EGCO) revealed the progress of EGCO Group's business operations that EGCO has invested in the electricity business in 8 countries, namely Thailand, Laos, Philippines, Indonesia, Taiwan, Australia, South Korea and the United States. Total production capacity is 6,996 megawatts, divided into 6,715 megawatts already in operation and another 281 megawatts under construction, of which 42% is domestic capacity and 58% overseas. The company has electricity production capacity. From natural gas 4,200 megawat ts accounting for 60%, renewable energy 1,440 megawatts accounting for 21% and coal 1,356 megawatts accounting for 19% of the total capacity. by investing in the United States The latest was last January. Has closed a deal for a combined cycle power plant, which is a power plant that uses natural gas as a fuel to produce electricity, with a production capacity of 1,304 megawatts, divided into Markus Hook Power Plant, Pennsylvania, with a production capacity of 912 megawatts. Milford, Massachusetts, with a capacity of 205 megawatts and a power plant in Dirton, Massachusetts, with a capacity of 187 megawatts. Investing in the United States will have the advantage of being Supporting renewable energy and competitors entering the area is difficult. It is considered to have a spatial advantage as well as being close to natural gas sources, making it competitive. EGCO holds 50% of shares in all 3 power plants. In addition, this past November, EGCO is preparing to invest further in collaboration with APEX Clean Ene rgy, the developer. Clean energy projects in the United States total 238 projects with a production capacity of 60,543 megawatts, of which 81 projects are currently being studied for investments in electricity from wind power (Wind Farm), 81 projects with a production capacity of 35,462 megawatts, energy from solar energy ( Solar Farm) 125 projects, 19,477 megawatts. In addition, there are investments in energy storage systems with batteries, another 23 projects, capacity 4,275 megawatts, which are currently studying investment information. However, the joint investment with APEX Clean Energy is currently During the construction of 7 power plants with a capacity of 1,035 megawatts. As for the investment in Taiwan, EGCO Group joined with Skyborn Renewable, TotalEnergies and Sojitz Corp Group to establish the Yunlin Power Plant Company to produce electricity from wind turbines at sea in the Taiwan-China Strait. This area is an area where monsoons come for almost the whole year, 6-7 months per year, but there i s a period of construction of wind turbine towers 5-6 months per year by the Yunlin Power Plant Project. It has been delayed since 2021-2022, which is now going back in to drive piles to build a total of 80 wind turbines, of which 45 piles have recently been driven, of which 33 have already been able to supply electricity to produce electricity, with a production capacity of 264 megawatts. However, Working at sea is quite limited because up to 40 ships are required to do the work. Each wind turbine pole is 100 meters high and weighs up to 1,900 tons. The difficulty of wind turbine construction lies in driving the piles in sea Mr. Theparat mentioned the investment plan for 2024 that EGCO aims to produce an additional 1,000 megawatts of electricity per year in proportion to shareholders by canceling electricity production from coal to use electricity from renewable energy. This year's budget is set at 30,000 million baht to build more power plants and invest in infrastructure in Indonesia. It is expected that income will grow according to new projects but will also depend mainly on fuel rates. As for the plan to adjust financial liquidity, EGCO already has capital but is trying to find successful investments and recognize income immediately. Mr. Theparat said in conclusion about the appointment of the EGAT Governor who was selected by the board. The old EGAT board appointed him to serve as the 16th EGAT governor because he was waiting to be summoned by the new EGAT board, which at the moment cannot say much. Soon the wind direction will change. Source: Thai News Agency