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BCPG Shareholders Approve Divestment of Two U.S. Natural Gas Power Plants to Strengthen Financial Position for Long-Term Growth

On July 7, 2026, BCPG Public Company Limited announced that shareholders have approved the divestment of the company's investment in two natural gas power plants in Pennsylvania, the United States, at the Extraordinary General Meeting No. 1/2026 held via electronic means (E-Meeting).
The approved transaction covers BCPG's investment in Hamilton Holdings II, LLC, which owns the Hamilton Liberty and Hamilton Patriot power plants. The two projects have a combined attributable generating capacity of 426 MW and an enterprise value of US$575 million (approximately THB 18.8 billion). The divestment will be carried out together with the other shareholders under the drag-along rights provision.
Rawee Boonsinsukh, President and CEO of BCPG, disclosed that the company expects to receive approximately US$354 million in cash upon completion of the transaction. Together with approximately US$72 million in dividends previously received from the projects, BCPG's total cash return will represent approximately 1.6 times its original investment.
"The proceeds will strengthen our financial position, enhance liquidity, and provide greater financial flexibility to support future investments in clean energy and infrastructure projects in line with our long-term growth strategy”, said Rawee.
Following the divestment, BCPG will continue to hold investments in two natural gas-fired power plants in the United States—Carroll County Energy LLC (CCE) and South Field Energy LLC (SFE)—with a combined attributable installed capacity of 431 MW. These assets will continue to provide stable earnings and support the company's overall business performance.