Message from CEO

while actively contributing to solutions that address environmental and social challenges and responding proactively to global transitions. Thailand’s decision to bring forward its Net Zero target by 15 years, from 2065 to 2050, clearly reflects the urgency of the country’s energy transition. At the same time, projections by BloombergNEF under the Net Zero Scenario indicate that Thailand will need to increase the share of clean energy in its total power generation mix to 77%. This figure highlights a significant systemic challenge that requires sophisticated and intelligent energy management to ensure a stable and reliable electricity supply while supporting continued economic growth and meeting the evolving needs of electricity users, from households to large-scale industries. These challenges reinforce our commitment under the principle “Not Only the Energy, We Care.”

The Company continues to pursue sustainable growth in renewable energy by expanding the development of solar and wind power projects. Currently, our portfolio consists of 1,629 megawatts of 100% clean energy capacity, with an additional 832 megawatts of projects under development and awaiting commercial operation. In our engineering and EPC businesses, we have strengthened our capabilities in delivering large-scale energy infrastructure, including 115–500 kV high-voltage transmission line projects. Meanwhile, our high-voltage electrical equipment manufacturing and distribution business has transformed operational processes across the organization under the concept of Eco-friendly Efficiency, focusing on improving resource efficiency and minimizing waste throughout the value chain, from project design and construction to long-term power plant management. At the same time, we actively encourage our partners and suppliers across the supply chain to adopt similar practices, reflecting our commitment to integrating sustainability throughout the Company’s entire value chain. Under the Create Stakeholder Impact strategy, the Company has established a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, aligned with the Science Based Targets initiative (SBTi) and internationally recognized sustainability frameworks. Progress toward this target is supported by systematic monitoring and transparent reporting of greenhouse gas emissions.

We recognize that sustainable value must be created for stakeholders in every dimension. The Company therefore prioritizes continuous communication and stakeholder engagement with communities surrounding our project sites, ensuring that our operations create shared value and balanced development. In terms of people, we continue to invest in the development of more than 1,000 employees, strengthening professional expertise, digital and AI capabilities, and ESG awareness as part of our organizational culture. We firmly believe that employees who understand and embrace sustainability principles represent the most important foundation for achieving our long-term goals. At the same time, the Company upholds strong corporate governance and business ethics as fundamental principles guiding all levels of our operations. In 2025, the Company received a SET ESG Ratings of AAA and achieved an “Excellent” (5-Star) rating in the Corporate Governance Report of Thai Listed Companies (CG Scoring), reflecting our continued commitment to responsible management and the recognition we have received from external stakeholders.