The investment plan is part of EGCO’s efforts to boost earnings and its service across Asia.
Reuters cited EGCO president Sahust Pratuknukul as saying that the company will commission as new power plants which will add 1,500MW power generation capacity during 2015 and 2019.
Sahust said that the company will invest THB25bn ($760m) in 2015 and additional THB15bn ($456.5m) in 2016.
The company will primary invest on project including development of Xayaburi power plant in Laos, which is 12% owned by EGCO, as well as on the construction of Khanom power plant in Nakorn Si Thammarat, southern Thailand, and three other small projects.
Additionally, EGCO is planning to expand capacity at three power plants in the Philippines and Indonesia, with an investment of THB38bn ($1.15bn).
A contract is planned to be signed by the utility in the first half of this year for the construction of a 100MW gas-fired power plant on the Dawei industrial estate in Myanmar.
EGCO will own 70% of the Dawei power plant while construction firm Italian-Thai Development PCL will own the remaining stake.
Currently, the EGCO operates 23 operating power plants, which have a total capacity of 3,746MW, in five countries.
