EGCO recorded Bt21bn in 2018 profit
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EGCO Group disclosed the company’s operating results for the first nine months of 2018 with the net profit of Bt21.75 billion, an increase of 117 per cent when compared to the same period last year.
Meanwhile, the company announced that it will invest in a 49 per cent ownership interest in a 1,823 MW combined cycle gas-fired power plant, a mark to enter the power market in South Korea.
Jakgrich Pibulpairoj, president of Electricity Generating Public Company Limited (EGCO), said the company achieved its target as planned for the year.
The Paju ES power plant commenced operation in February 2017 and supplies electricity to Korea Electric Power Corporation, the sole off-taker of wholesale power generation in South Korea.
