Kingdom of Thailand/Overseas Investment Insurance for Investment in Independent Power Producer

July 12, 2019

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI, Chairman and CEO: Atsuo Kuroda) has decided to underwrite Overseas Investment Insurance for the investment in the Electricity Generating Public Company Limited (EGCO)1, a leading independent power producer in Thailand, provided by Kyushu Electric Power Co., Inc. (Kyuden) through its subsidiary.

Kyuden, through its wholly-owned subsidiary, indirectly acquired approximately six percent of EGCO’s shares, by purchasing from Mitsubishi Corporation (MC) 25 percent of the equity interest of TEPDIA Generating B.V. which owns approx. 24 percent of EGCO’s shares.

EGCO is one of the high growth companies in Asia, with 27 operating power plants in Thailand and other five countries (5,154MW in total equity ownership). The company is committed to building a sustainable society, focusing on developing renewable energies including hydro, solar, wind and geothermal power, in addition to large-scale thermal power. Kyuden, together with MC and JERA, aims to contribute to the further growth of EGCO as well as to the development of the electricity business in Asia, by utilizing their technical expertise and know-how acquired through its business in and outside of Japan.

Through this transaction, NEXI aims to assist a Japanese utility company in expanding its overseas business. As Japan’s policy-based financial institution, NEXI will continue to actively support Japanese companies’ international business expansion.


Insured Kyuden International Corporation (wholly-owned subsidiary of Kyushu Electric Power Co., Inc.)
Covered risk Political risk 95%

Contact: Overseas Investment Insurance Underwriting Group, Underwriting Department

1 EGCO was established in 1992 by the Electricity Generating Authority of Thailand and listed on the Stock Exchange of Thailand in 1995. MC and the Tokyo Electric Power Co., Inc. (currently succeeded to JERA Co., Inc.) have participated in the management of EGCO since 2006 and 2011, respectively.