Electricity Generating PCL (EGCO), Thailand's second largest power generation company, plans to invest Baht 44.8bn (about US$1.37bn) over the 2015-2020 period to boost its installed capacity and to acquire new assets. The group aims to add 1,500 MW to its existing installed capacity (4,730 MW at year-end 2013). The group will invest Baht 25bn (US$765m) in 2015 and Baht 15bn (US$460m) in 2016, which will be mainly directed to the construction of the Xayaburi hydropower plant in Laos (1,260 MW project, 12.5%-owned by EGCO, expected in 2019), to the development of its fully-owned 930 MW Khanom power plant in southern Thailand (expected in 2016) and to three smaller power projects. The group will invest Baht 38bn (US$1.16bn) in the expansion of three power plants in the Philippines and Indonesia. In Myanmar, EGCO plans to build a 100 MW gas-fired power plant in the Dawei area (70% owned by the company) and to double its renewable capacity from 125 MW in 2014 to 300 MW in 2015.
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