Power Generation Stability & Capability

Why is this Important?

In 2023, the consumption of various types of energy including the increased use of renewable energy and innovation continues to grow. To support steady business growth that is reliable and responds to the demands of electricity consumers, EGCO Group, as a major electricity producer in the country gives importance in investing in energy sources that are highly efficient and low in pollution. This includes clean fuel, low carbon energy and various forms of renewable energy. The intention is to develop the stability and potential of electricity production in line with the direction of the international energy industry which includes the demand for electricity during the transition to clean energy.

EGCO Group is committed to maintaining stability of the country's electric power supply as well as meeting the needs of customers and electricity consumers. EGCO Group therefore produces electricity from various types of fuel and has invested in diversifying power generation centers according to different production capacity both domestically and abroad. This is to ensure that electricity production is consistent with our business plan and that electricity is delivered regularly according to the power purchase agreements.

Sustainability Material Topic: Power Generation Stability & Capability

Stakeholder Impact on Material Topics

Employee

Shareholders

Government Agencies

Creditors

Investors

Community

Customers

Non-governmental Organization (NGO)

Management Approach

Availability and Reliability Target

Long Term Target

  • 2027 Target: Plant availability

    Natural gas power plant: 

    90%

  • Coal-fired power plant: 

    85%

  • 2027 Target: Plant Heat Rate

    Natural gas power plant: 

    7,361 BTU/kWh

  • Coal-fired power plant: 

    9,397 BTU/kWh

2023 Target

  • Plant Availability

    Natural gas power plant: 

    95.70%

  • Coal-fired power plant: 

    85.97%

  • Plant Heat Rate

    Natural gas power plant: 

    7,090 BTU/kWh

  • Coal-fired power plant: 

    9,888 BTU/kWh

2023 Performance

  • Plant Availability

    Natural gas power plant: 

    94.28%

  • Coal-fired power plant: 

    83.79%

  • Plant Heat Rate

    Natural gas power plant: 

    7,122 BTU/kWh

  • Coal-fired power plant: 

    10,377 BTU/kWh

* Performance includes EGCO Group’s subsidiaries and overseas joint ventures

Excellence Generation, Reliability and Availability

EGCO Group aims to enhance its electricity generation capacity to become a power producer excellence by seeking new efficient and environmentally friendly technology for its production process, for example, adopting technology solution TOMONI™ at Khanom Power Plant that enhances the efficiency and effectiveness of the power plant by increasing the temperature of exhausts from gas turbine, reducing energy consumption, and speeding up the response for any problem, thus increases machine reliability and avoids unplanned shutdown. In addition, EGCO Group has monitored the efficiency of machinery operation at each power plant constantly to maintain production efficiency of the plants and has set availability control value as a key performance indicator (KPI) of power plants which is also used for evaluating the performance of staffs at the power plants.

2023 Electricity Generation Mix

Total Operating Gross Generation by Equity (GWh)

Subsidiaries and Overseas Joint Ventures Equity Gross Generation (GWh)

Remark: The power plants that have been operated for less than a year are not included in this scope

Electricity generation mix for renewable energy can be broken down into:

Wind 475 GWh 1.91%
Hydroelectric 2,879 GWh 11.56%
Solar 111 GWh 0.45%
Biomass 47 GWh 0.19%
Total 3,512 GWh 14.10%

2023 Revenue from Electricity Generation

Revenue From Operating Power plants(MTHB)

Subsidiaries and Overseas Joint Venture Revenue (MTHB)

Remark: The revenue from other businesses, holdings and power plants that have been operated for less than a year are not included in this scope

Electricity generation mix for renewable energy can be broken down into:

Wind 2,103 MTHB 3.75%
Hydroelectric 1,052 MTHB 1.88%
Solar 1,510 MTHB 2.69%
Biomass 279 MTHB 0.50%
Total 4,944 MTHB 8.82%

2023 Electricity Capacity Mix

Total Operating Capacity by Equity (MWe)

Subsidiaries and Overseas Joint Ventures Equity Capacity (MWe)

Remark: The power plants that have been operated for less than a year are not included in this scope.

 Please click on each section of the pie chart to view specific targets for 2030, pie chart for Subsidiaries and Overseas Joint Ventures Equity Capacity (MWe).

Electricity capacity mix for renewable energy can be broken down into:

Wind 200 MWe 4.82%
Hydroelectric 696 MWe 16.78%
Solar 58 MWe 1.40%
Biomass 6 MWe 0.14%
Total 960 MWe 23.14%

Sustainability Taxonomy Reporting

EGCO is not within the scope of taxonomy regulation, as Thailand Taxonomy Framework is not a mandatory regulation within Thailand . As such, compliance with this framework does not apply to our reporting obligations. Despite this, EGCO is committed to understanding and integrating relevant sustainability practices. We are actively studying the Thai taxonomy to evaluate its applicability to our operations. However, since a significant portion of our operations, including multiple power plants, located outside of Thailand, EGCO is currently evaluating the most effective methods to align our international reporting with relevant sustainability taxonomy standards.

Related Documents

Policies, Requirements and Performance

Performance Data

Economic

Updated as of April 2024

The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2023 Annual Report.