EGCO Group completely sells entire stake in Boco Rock Wind Farm, Australia
Electricity Generating Public Company Limited or EGCO Group confirmed the completion of the sale of its 100% ownership interest in Boco Rock Wind Farm Pty Ltd (BRWF), the company that holds a 113 MW wind farm located in the state of New South Wales, Australia, to Tilt Renewables, a renewable company in Australia.
Dr. Jiraporn Sirikum, President of EGCO Group, said, “The transaction of the sale of 100% ownership interest in the BRWF between Millennium Energy B.V. (Millennium), a wholly owned subsidiary of EGCO Group, and Tilt Renewables was fully completed on 7 March 2025. This marks the withdrawal of EGCO Group from the BRWF. The divestment in the BRWF follows EGCO Group’s “Triple P” strategy to emphasize portfolio management for asset recycling to reinvest in new projects with higher growth potential that create long-term continuous growth.”
EGCO Group continues to focus on expanding power generation capacity both domestically and internationally. This will include natural gas-fired power plants, which are crucial for energy security during the energy transition, as well as renewable energy plants, with an aim to increase renewable energy capacity up to 30% of total power capacity by 2030.
About EGCO Group
Following the BRWF divestment, EGCO Group has (as of 7 March 2025) a total equity capacity of 6,608 MWe in operation and under construction. Total equity capacity from renewable energy is 1,350 MWe (equivalent to 20% of the total portfolio). The RE portfolio includes biomass, hydropower, solar power, onshore and offshore wind power, fuel cells, and battery storage. EGCO Group’s facilities and other projects are located in 7 countries, namely Thailand, Lao PDR, the Philippines, Indonesia, South Korea, Taiwan and USA. In addition to power business, other energy-related businesses of the company include EGCO Engineering and Service Co., Ltd. (ESCO) providing power plant operations, maintenance, engineering, construction, energy conservation and training services to power and industrial plants in many industries; the infrastructure and utilities company “CDI” in Indonesia, Thai Pipeline Network Co., Ltd. (TPN), EGCO Rayong Industrial Estate (ERIE), “Innopower” which is a high tech start up incubator that EGCO Group owns together with its partners EGAT and RATCH Group; and “Peer Power” which is a new financial technology company. EGCO Group has been listed in the Dow Jones Sustainability Index (DJSI) for the 5th year in a row (2020-2024). Learn more about EGCO Group through our website at www.egco.com or on social media at www.facebook.com/EGCOGroup.
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