Development in 2011
Started the Biomass Power Plant business under TCP.
Development in 2014
TCP started selling electricity to the Provincial Electricity Authority (PEA) and started earning revenue from the power plant business for the first time.
Company’s registration of TGE for business operations of production and distribution of electricity.
Development in 2015
Thachang Bio Power Co., Ltd. (“TBP”) (Thachang Industrial group) 100% held by the Wanasuwannakul Family, has a PPA agreement of 3.4 Megawatt to distribute the electricity with the provincial Electricity Authority of Thailand.
Development in 2016
TGE purchased 65% of TPG’s shares from the Wanasuwanakul family group.
Development in 2017
TGE accepted the transfer of the biomass power plant business and all related contracts from TCP, started selling electricity to the Provincial Electricity Authority (PEA) and earned revenue from the power generation business for the first time on December 29, 2017.
TGE purchased 35% of TPG’s share from G7 Power Co., Ltd.
Development in 2018
TGE purchased shares of TBP from the Wanasuwannakul Family by holding 99.99% of the total paid-up shares of TBP.
Development in 2019
Expanded investment in the municipal solid waste power plant project by starting its first project in Sa Kaeo province under TES SKW., - In addition, the Company later expanded its investment to Chumphon province under TES CPN and Ratchaburi province under TES RBR, respectively.
TPG started to sell electricity to the Provincial Electricity Authority (PEA) and started earning revenue from the power generation business for the first time.
Development in 2020
Called for an increase in paid up of registered capital to 800 million baht.
Restructured the shareholding structure of TGE from the original structure in which 100% of TGE’s shares were held by TCGH with 40% of its shares being held by TCGH and 100% of its shares being held directly by the Wanasuwanakul family group.
TGE PRI was established to operate the MSW power generation project in Prachin Buri province and TES CPN was established for the same purpose in Chai Nat province.
TGE sold the total shares of TPG2 and TBF to TCGH in order to restructure the group in which TPG2 was established in order to bid in an auction for biomass power generation license
As for TBF, it was established for the business operation of selling and distributing chopped wood, which the Company views that this is not the main business of the TGE group. At that time, TBF had not started its operation. TPG started selling electricity the Provincial Electricity Authority (PEA) and started earning revenue from the power generation business for the first time.
Development in 2021
TBP started selling electricity the Provincial Electricity Authority (PEA) and started earning revenue from power generation business.
TES UBN was established to operate the MSW power generation project Ubon Ratchathani province and TES TCN was established for the same purpose in the Samut Sakhon province.
The Company was transformed to Public Company Limited, and the par value of its share was changed from 1,000 baht/share to 0.50 baht/share.
Development in 2022
TGE was listed in the Stock Exchange of Thailand on August 19, 2022 with registered capital at 1,100,000,000 Baht, dividend into 2,200,000,000 common shares with par value at 0.50 Baht each.
TES TCN is the winning bidder and has been selected to invest, develop, and operate the municipal solid waste (MSW) disposal (waste to energy) project of Tha Chin Sub-district Municipality, Mueang Samut Sakhon District, Samut Sakhon Province.
Development in 2023
TES CNT is the winning bidder and has been selected to invest, develop, and operate the power plant and manage the municipal solid waste according to the municipal solid waste (MSW) disposal (waste to energy) project of Nong Mamong Subdistrict, Nong Mamong District, Chai Nat Province.
The Power Purchase Agreements (PPAs) of the Municipal Solid Waste (MSW) Power Plants in total of 3 Projects located in Sa Kaeo Province, Ratchaburi Province, and Chumphon Province, have been signed and executed with the Provincial Electricity Authority (PEA), with 16 MW contracted capacity under the PPAs.