The Board of Directors of BCPG Public Company Limited (BCPG) has approved the divestment of two natural gas power plants in Pennsylvania, USA, with a total capacity of 426 MW. The transaction value is approximately USD 575 million, or around THB 18.75 billion. The share transfer and payment are expected to be completed within Q3/2026, strengthening the company’s liquidity and supporting its future strategic investments.

Rawee Boonsinsukh, President and CEO of BCPG Public Company Limited, disclosed that BCPG previously invested, through its subsidiary, in a 25% stake in Hamilton Holdings II, LLC (“Hamilton”), which owns two natural gas power plants in Pennsylvania; Hamilton Liberty with an installed capacity of 848 MW and Hamilton Patriot with an installed capacity of 857 MW. BCPG’s attributable capacity from the two projects totals approximately 426 MW.

On May 28, 2026, the Company’s Board of Directors Meeting No. 7/2026 approved the proposed divestment transaction and resolved to seek shareholders’ approval at the Extraordinary General Meeting of Shareholders No. 1/2026, scheduled for July 7, 2026, at 1:30 p.m. via electronic meeting (E-Meeting).

The transaction is part of a joint sale by all Hamilton shareholders under the Drag-along Rights provision, for which the Company received notice on May 15, 2026.

Following the transaction, the Company expects to receive approximately USD 354 million in cash. Combined with approximately USD 72 million in dividends previously received from the projects, the total cash return from the divestment will represent approximately 1.6 times the original investment.

After the divestment, BCPG will continue to hold investments in two U.S. power projects; Carroll County Energy LLC (CCE) and South Field Energy LLC (SFE), with a total capacity of 431 MW, continuing to support the stability of the Company’s operating performance.

“This transaction will further strengthen BCPG’s financial position and liquidity, while enhancing financial flexibility to support new business opportunities in the future. We expect to recognize gains from the divestment within Q3/2026”, said Rawee.

The proceeds from the transaction will be used to support the Company’s strategic investments in clean energy and related infrastructure businesses, repay part of its loans, and strengthen working capital to support sustainable long-term growth.