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EGCO Group marks 34 years of commitment to global success and sustainability

Independent power producer earns Dow Jones Best-in-Class nod for portfolio management, cleaner energy, risk controls and workforce gains

Global climate change continues to be a driving force shaping the energy sector across multiple dimensions, making responsible and sustainable growth a metric of success just as vital as generation capacity. Recognising this, Electricity Generating Public Company Limited or EGCO Group has prioritised sustainability throughout its more than three decades in the power and energy business. This commitment ranges from expanding the proportion of renewable energy in its investment portfolio to setting a clear roadmap toward achieving Net Zero emissions by 2050.

The core concept of sustainability has been seamlessly integrated into every aspect of the company’s operations, aligning with the United Nations Sustainable Development Goals (SDGs). This integration has generated positive impacts from within the organisation out to all stakeholders, while bolstering confidence among international shareholders and investors.

Thanks to its unwavering dedication to driving sustainable business, EGCO Group has been selected as a constituent of the global Dow Jones Best-in-Class Indices (DJ BIC) for 2026 under the Electric Utilities category of the Emerging Markets Index group. Evaluated at the top tier of its peer group, EGCO Group is one of only three companies to pass the criteria out to a total of over 30 participating companies worldwide.

Delving into the details, the DJ BIC assessment and ranking indicated that EGCO Group achieved outstanding scores and demonstrated exceptional improvement across four key areas: portfolio management, environmental management, risk management, and human capital management.

“Sustainability has always been the compass guiding EGCO Group’s direction and business decisions, ensuring that our corporate growth generates long-term value for the economy, society, and the environment. This milestone continues our company’s vision of operating a sustainable power business,” said Tawatchai Sumranwanich, President of EGCO Group.

“The assessment results from the DJ BIC underscore our comprehensive development and growth. Driven by our “ONE EGCO, ONE GOAL” philosophy, we are dedicated to laying a foundation for true sustainability across environmental, social, and human dimensions,” Mr Tawatchai added.

A Tangible Path to Transition

Behind the high scores in each category lies a foundation of concrete actions. Beginning with portfolio management, EGCO Group is steadily progressing toward its goal of increasing the proportion of renewable energy generation to 30% by 2030. Key projects include the Yunlin Offshore Wind Farm in Taiwan and investments in the Pinnacle II solar and wind power projects in the US. This is coupled with more than 184 renewable energy projects currently under construction or development in the US through its equity stake in Apex Clean Energy. This investment approach aligns with EGCO Group’s long-term sustainability goals, which include achieving Carbon Neutrality by 2040 and Net Zero emissions by 2050.

Beyond renewable energy, EGCO Group is actively reducing carbon emissions at its operational power plants through fuel-blending initiatives. Currently, the Linden Cogen Unit 6 power plant in the US has adopted hydrogen as a co-firing fuel for electricity generation. Meanwhile, the BLCP Power Plant in Rayong Province is conducting a technical feasibility study to introduce ammonia as a blended fuel.

Furthermore, the company is exploring the deployment of Carbon Capture, Utilisation, and Storage (CCUS) technology across three of its invested power plants: the BLCP Power Plant in Rayong, the Khanom Power Plant in Nakhon Si Thammarat, and the Paju ES Power Plant in South Korea. This runs parallel to seeking investment opportunities in hydrogen technology across the entire supply chain alongside potential strategic partners.

EGCO Group’s sustainability mission also spans several other operational fronts. In terms of environmental management, initiatives range from technical adjustments, such as installing thermal insulation to reduce energy loss in the power generation system at the Khanom Power Plant, to internal waste segregation schemes. The “EGCO Ecosystem” project, which has been operational since 2020, has now expanded its reach from the corporate headquarters to 13 affiliate power plants.

For risk management, the company utilises a systematic approach to mitigate a comprehensive spectrum of risk factors, including climate change, technology, cybersecurity and AI, geopolitics, and fuel price volatility. Concurrently, in human capital management, EGCO Group prioritises the quality of life and well-being of its workforce while ensuring continuous human resource development.

Being selected for the Dow Jones Best-in-Class Indices marks yet another milestone where EGCO Group’s sustainability endeavors have been recognised on the global stage. Previously, the company was included in the Dow Jones Sustainability Indices (DJSI) — the predecessor of the DJ BIC — for five consecutive years. This track record reflects EGCO Group’s enduring commitment to responsible growth, striking the perfect balance between business, society, and the environment to forge a secure, balanced, and truly sustainable future.