EGCO Group joins hands with Gera to use Hydrogen-Ammonia It is a carbon-free fuel.

EGCO Group joins forces with Gera, a leading Japanese energy company Study the development of LNG business throughout the supply chain. both in Thailand and abroad Support the expansion of fuel and utilities business and expanding opportunities to use hydrogen and ammonia as new carbon-free alternative fuels towards a low-carbon society

Mr. Theparat Theppitak, President of EGCO Group revealed that EGCO Group and Gera Company Limited have signed a Memorandum of Understanding (MOU) to jointly study the feasibility of developing LNG fuel supply business. market strategic planning participation in the auction Both in Thailand and abroad, the MOU also aims to expand opportunities for the use of hydrogen and ammonia. which is a fuel that does not emit carbon dioxide during combustion To be an alternative energy in the future for electricity generation

This LNG cooperation will support Thailand’s liberalization policy on natural gas imports, where EGCO Group is a LNG Shipper License from the Energy Regulatory Commission (ERC). ) under the aforementioned policy Jera is a fully integrated power company in Japan and has experience in LNG business as well as an indirect shareholder of 12% of EGCO Group through Tepdia Generating B.V. . Limited

“EGCO Group is delighted to join forces with Gera. which is our good partner for a long time It is believed that this Memorandum of Understanding will lead to the development of LNG businesses throughout the supply chain. both in Thailand and abroad including the possibility of expanding the opportunity to use hydrogen and ammonia to generate electricity. This cooperation reinforces the commitment of EGCO Group in expanding its fuel and utilities business to be more comprehensive. Along with focusing on generating electricity from clean energy to meet the transition of the energy industry and drive towards a low-carbon society,” said Mr. Theparat.

EGCO Group is committed to creating growth in line with the transition of the energy industry. national energy plan and low-carbon society trends By driving the organization in sustainability according to the direction of “Cleaner, Smarter and Stronger to Drive Sustainable Growth”, and set a goal to reduce Carbon Emission Intensity by 10% by 2030 and achieve the goal of carbon neutrality. (Carbon Neutral) by 2050 by EGCO Group seeking investment opportunities in clean energy. as well as other related businesses relentlessly To date, the company has total renewable power generation capacity of 1,364 megawatts, or approximately 23% of the total power purchase contracted capacity of 5,959 megawatts.

For LNG imports, after receiving the LNG Shipper License from the ERC, EGCO Group is currently monitoring the price situation and considering the appropriate market environment. before deciding to proceed