Electricity Generating Public Company Limited or EGCO Group has cooperated with JERA Asia Pte. Ltd. ("JERA Asia"), a subsidiary of JERA Co., Inc., (“JERA”), in studies to decarbonize its business on the usage of Hydrogen, Ammonia, and Carbon Capture, Utilization and Storage (CCUS) technology in the power generation industry with an aim to achieve its carbon neutral goal by 2050.

The Memorandum of Understanding (MOU) was signed between EGCO Group and JERA Asia during the 5th Japan-Thailand Energy Policy Dialogue (5th JTEPD) meeting, held on January 12, 2023 at the Ministry of Energy. Through this MOU, the two parties will work together to achieve the following initiatives for EGCO Group's decarbonization.

• Developing a broad carbon neutral roadmap for EGCO Group that builds upon the usage of greener fuels such as ammonia and/or hydrogen
• Assessing the feasibility for ammonia co-fired power generation at the BLCP power plant in which EGCO Group owns 50% shares
• Collaboration related to the further development of the ammonia and hydrogen value chain in both domestic and overseas, including potential co-firing feasibility at sites other than the BLCP power plant
• Studying and further exploring opportunities for the implementation of CCUS in Thailand

For the feasibility study of ammonia co-firing power generation, EGCO Group has signed the other MOU with Banpu Power Public Company Limited (“BPP”), BLCP Power Company Limited, JERA, Mitsubishi Corporation and Mitsubishi Heavy Industries Ltd., to jointly study the technical application, economic evaluation, and CO2 reduction plan for up to 20% ammonia co-firing at the BLCP 1,434 MW coal-fired power plant. 

Mr. Thepparat Theppitak, EGCO Group’s President, said, “The MOUs will facilitate the implementation of EGCO Group’s mid-term goal to reduce carbon emission intensity of its power plant portfolio by 10% within 2030. Additionally, it is in line with EGCO Group’s business direction “Cleaner, Smarter and Stronger to Drive Sustainable Growth” which aims to promote sustainable growth over the long term and achieve carbon neutral by 2050.”

Mr. Toshiro Kudama, Chief Executive Officer, JERA Asia Pte. Ltd., said, “JERA is focused on providing cutting edge solutions to the world’s energy issues and strengthening the value chains for greener fuels such as ammonia and hydrogen. Through this collaboration, we will support EGCO Group’s decarbonization efforts while also considering additional opportunities for advancing technology development in Thailand. This MOU allows JERA to leverage its experience and capabilities to help both EGCO Group and Thailand to reach their emissions targets.”

About EGCO Group
EGCO Group currently has a total equity capacity of 6,202 MWe (including both power plants that already started commercial operations, and projects under construction). Total equity capacity from renewable energy is as high as 1,249 MWe, which includes biomass, hydropower, solar power, wind power, and fuel cells. These power plants and its other projects are located in eight countries, namely Thailand, Lao PDR, Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition, its energy-related businesses include the Extension of Petroleum Pipeline System in Northeastern Project (“TPN”), “EGCO Rayong” Industrial Estate Development Project, the license to source and supply natural gas in Thailand, financial technology company (“Peer Power”), innovation research and development company (“Innopower”).