New york: Electricity Generating Public Company Limited (EGCO Group) is advancing its strategic growth in the United States by increasing its stake in the Linden Cogen power plant by 10%, resulting in a total holding of 38% in this 980 megawatt natural gas-fired cogeneration facility.
According to Thai News Agency, Mr. Thawatchai Samranwanich, President and CEO of EGCO Group, announced that EGCO Linden II, LLC, a wholly-owned subsidiary of EGCO Group registered in the United States, has signed an Equity Purchase Agreement to invest an additional 10% in Linden TopCo LLC. This agreement, signed on October 3, 2025, will be finalized once all conditions are met. Upon completion, EGCO Linden II, LLC's ownership in Linden TopCo will increase to 38%.
Linden TopCo operates the Linden Cogen plant, located in New Jersey. This facility, with a capacity of 980 MW, is divided into Linden Cogen Units 1-5, which collectively generate 800 MW. These units sell electricity and provide grid stability services to the New York State grid (NY-ISO Zone J). Additionally, the 180 MW Linden Cogen Unit 6 supplies electricity to the PJM PSEG electricity market in New Jersey, both of which have high electricity demand and backup capacity. The plant has established long-term steam and power sales agreements with major off-takers possessing investment-grade credit ratings.
Linden Cogen Unit 6 has also successfully completed the commissioning of a hydrogen co-firing power plant, positioning it as one of the projects aligned with EGCO Group's Net Zero target. This initiative aims to reduce carbon dioxide emissions by 10% by 2030 and to advance co-firing hydrogen technology in power generation. With this latest investment, EGCO Group's international portfolio now extends across the United States, the Philippines, Indonesia, Lao PDR, South Korea, and Taiwan, showcasing the robustness of EGCO Group's long-term revenue framework.