Electricity Generating PCL
EGCO
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Electricity Generating PCL (EGCO Group) indirectly holds a 40% stake in Muara Enim Mining, which owns and operates an open-pit coal mining project in Indonesia. This coal mining business is reported as a distinct segment within the company's energy portfolio. Furthermore, EGCO Group's power generation fleet remains heavily reliant on coal-fired assets. The company's stated mid-term goal is to increase renewable energy to only 30% of its total generation capacity, indicating coal continues to constitute a primary and dominant fuel source for its operations.
Electricity Generating PCL (EGCO) operates a power generation portfolio that is heavily reliant on fossil fuels, with coal-fired plants constituting a significant portion of its capacity. The company's Khanom and BLCP power stations in Thailand are large-scale coal facilities. The operation of such plants is directly linked to documented environmental damage, including air and water pollution from emissions and coal ash, as well as the ecological impacts of coal extraction for fuel.
While specific, recent enforcement actions or penalty data for EGCO's individual facilities were not identified in the provided evidence, the company's core business model centers on technologies with a well-established record of causing environmental destruction. Academic and public health literature, including assessments cited in sources like the Lancet Countdown, consistently identifies coal-fired power generation as a major source of hazardous pollution, ecological damage, and adverse health impacts in the regions where it operates. EGCO has not announced plans to phase out its coal assets.
Research Sources
1 organization
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