Electricity Generating Public Company Limited or EGCO Group has announced its 2025 business plan, featuring a baht 30bn investment aimed at expanding its power and energy-related businesses both domestically and internationally. This investment is expected to drive rapid growth in both revenue and profit. Central to the plan is the “Triple P” strategy, with a particular focus on efficient portfolio management through an asset recycling policy. This approach will help EGCO Group identify new investment opportunities that generate higher value and support long-term growth. Key areas of focus will include investments in natural gas-fired and renewable energy power plants, particularly in regions where the company already operates and has established partnerships. The US will be a key investment market, while domestic projects will also continue to progress.
Dr. Jiraporn Sirikum, President of EGCO Group, said that several factors are impacting the energy industry this year. These include the energy transition, climate change, the policies of the new US President, which may slow global and Thai economic growth, and the escalating trade barriers. These factors have led analysts to predict that the global economy in 2025 will grow at a modest rate. However, President Trump’s policy to increase domestic production of natural gas and oil is expected to supply the market with more resources, positively impacting global fuel prices by lowering them.
Additionally, the National Economic and Social Development Council (NESDC) projected the Thai economy to grow by 2.3-3.3% in 2025, which is slightly better than the previous year. Given these challenges and opportunities, EGCO Group has adjusted its business direction and strategy for the three years (2025-2027), with the primary goal of continuously increasing revenue and profit. The company has been restructured in all dimensions to support sustainable growth in the future, with the “Triple P” strategy, which includes: Profitability and Performance Energizing; Power and Energy-related Focus, and Portfolio and People Management.