EGCO Group Increases Stake in U.S. Power Plant to Support AI and Data Centers
Thai energy firm EGCO Group has announced an agreement to increase its ownership in the Linden Cogen power plant in New Jersey to 50%.
According to a report by Khaosod Online Thailand, EGCO Group has signed an agreement to acquire an additional 12% stake in the Linden Cogen natural gas-fired cogeneration power plant, bringing its total ownership to 50%. The facility, located in New Jersey, USA, has a production capacity of approximately 980 megawatts and supplies electricity to the New York and New Jersey regions.
Thawatchai Samranvanich, President of EGCO Group, stated that this investment is part of the company’s 'Asset Recycling' strategy, which focuses on reallocating liquidity into high-quality, proven assets. The move is specifically aimed at capturing the growing demand for electricity driven by the rapid expansion of data centers and artificial intelligence (AI) infrastructure in the United States.
For residents and expatriates in Thailand, this development highlights the international expansion of major Thai energy companies into the U.S. market. While the investment signals a strategic shift toward supporting high-tech energy needs, the transaction is not yet finalized. The completion of the deal remains subject to the fulfillment of various conditions outlined in the Equity Purchase Agreement. Further updates will depend on the successful conclusion of these contractual requirements.
