Electricity Generating Public Company Limited or EGCO Group successfully started commercial operation of the "Nam Theun 1" hydropower plant in Lao PDR and commenced the sale of electricity with a total installed capacity of 514.30 MW to the Electricity Generating Authority of Thailand (EGAT), allowing it to recognize revenue immediately in Q3/2022. This will help promote power generation from clean energy and also strengthen the stability of Thailand's electricity system.
Mr. Thepparat Theppitak, EGCO Group's President, disclosed that "Nam Theun 1" hydropower plant, a 25% ownership interest of EGCO, started commercial operation and supplying power to EGAT on 12 August 2022, which will enable it to recognize revenue from the third quarter this year onwards. This hydropower plant will help reduce carbon emissions by 1.49 million tons of CO2 per year, or 40.34 million tons of CO2 throughout 27 years of power purchase agreement."
The "Nam Theun 1" hydropower plant is located at Nam Kading River, Bolikhamxay province, Lao PDR. It is a hydropower plant with a large-sized reservoir. It consists of 3 units of electric turbines, with an installed capacity totaling 650 MW. It has power purchase agreements with EGAT of 514.30 MW for a period of 27 years, and with Electricite Du Laos ("EDL") of 130.80 MW for a period of 27 years.
"The success of the commercial operation and electricity distribution of "Nam Theun 1" hydropower plant is in line with the business direction of EGCO Group under the concept of "Cleaner, Smarter and Stronger to Drive Sustainable Growth." It also supports the goal in reducing carbon emission intensity by 10% per unit of electricity produced, as well as increase the share of power generation from renewable energy to 30% by 2030. In addition, it also helps enhance Thailand's power system stability and serve the rising demand for electricity in Lao PDR," Mr. Thepparat concluded.
Attachments
Original Link
Original Document
Permalink
Disclaimer
EGCO - Electricity Generating pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 02:52:02 UTC.
Electricity Generating Public Company Limited is a Thailand-based holding company, which is focused on the power business and other related business. The principal business operation of the Company is the generation of electricity for sale to the government sector and industrial users. The Company operates through two segments: electricity generation and other businesses. The Electricity generation segment is engaged in operating electricity for sales to the government and industrial users. Other businesses are comprised of maintenance and operating services for power plants, engineering services, coal mining business and oil pipeline systems business. The Companyâs power plants presently generate electricity using several fuel sources, such as natural gas, coal, biomass, hydro, solar, wind, and fuel cells, which partly enhance power security. Its subsidiaries include Khanom Electricity Generating Co., Ltd, EGCO Engineering and Service Co., Ltd., and EGCO Green Energy Co., Ltd.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
