EGCO Group increases interest in Linden Cogen to 38%

Mr. Tawatchai Sumranwanich, President of EGCO Group, said, "EGCO Linden II, LLC, a wholly owned subsidiary of EGCO domiciled in the U.S., entered into an Equity Purchase Agreement on 3 October 2025 to acquire a 10% ownership interest in Linden TopCo LLC (Linden TopCo). It will be subject to relevant closing conditions."

Linden TopCo owns Linden Cogen, a 980MW natural gas-fired cogeneration facility situated in the State of New Jersey in the U.S. that has an electric interconnection to New York City. The Linden Cogen facility consists of Linden Units 1-5 (800MW) which sell electricity, electric capacity and ancillary grid services into the New York System Operator (NY-ISO Zone J) market and Linden Unit 6 (180MW) which sells energy and capacity to the PJM PSEG power market in New Jersey. These are two of the most congested and capacity constrained power markets in the U.S. The facility also enjoys long-term process steam and electricity sales contracts with large investment grade industrial off-takers. When the investment closes, EGCO Linden II, LLC will increase its ownership interest in Linden TopCo to 38%.

Mr. Tawatchai added, "The additional investment in Linden Cogen reinforces EGCO Group's strategic presence in the U.S. power market and further strengthens EGCO's U.S. gas portfolio, which currently comprises 924 MWe attributable to EGCO ownership (i.e., net of partners' interests). This investment is aligned with the company's strategy that prioritizes investment in natural gas-fueled power projects which are a crucial bridge in the global energy transition, in support of renewable energy projects. Together, such investments are expected to enhance revenue growth and profitability of EGCO Group.

The Linden Cogen Unit 6 recently completed the commissioning of a hydrogen fuel blending upgrade. This marks a significant milestone for the Linden Cogen power plant, positioning it as one of the pioneering projects aligned with EGCO Group's Net Zero commitment. The initiative underscores EGCO Group's ongoing efforts to reduce carbon dioxide emissions by 10% by 2030 and to advance hydrogen technology integration within its power generation systems.

With this latest investment, EGCO Group's international portfolio currently spans the U.S, the Philippines, Indonesia, Lao PDR, South Korea, and Taiwan. This expansion highlights the company's strong and resilient long-term revenue structure."

EGCO Group initially invested in Linden TopCo in 2021. That transaction marked the first investment by EGCO Group in the U.S.

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