Investor FAQ
PSG Corporation (Public) Company Limited provides construction contracting services for turnkey projects (Engineering Procurement Construction (EPC) or Lump Sum Turnkey (LSTK)), as well as Build-to-design construction works for large-scale projects. The scope of services covers structural engineering, large-scale steel superstructure works, installation, and various engineering systems. The Company can undertake projects both domestically and internationally within the ASEAN region. The construction services can be categorized into two main types, as follows:
- Turnkey Projects (Engineering, Procurement, and Construction – EPC)
- Build-to-design construction projects
Presently there are 2 ongoing projects:
- Xekong Power Plant Expansion Phase 1 Project (“XPPL EP1”)
- Resettlement Site Development Project
As of June 30, 2025
- Progress on the Xekong Power Plant Expansion Phase 1 (“XPPL EP1”) with 85% of completion.
- Progress on the Resettlement Site Development Project (“Resettlement”) with 28% of completion.
The vulnerability of Lao PDR's economy and exchange rate fluctuations do not have a direct impact on the Company's operating performance. The Company operates two construction projects in Lao PDR.
- The Company recognizes its revenues from Xekong Power Plant Expansion Phase 1 project (XPPL EP1) in US dollars.
- The Company recognizes its revenues from the Resettlement Site Development project in Thai baht.
Both project owners are large private companies. One is a major exporter with less reliance on the domestic economy, while the other is a reputable Thai corporation listed on the Stock Exchange of Thailand.
The impact of exchange rate fluctuations primarily arises from the conversion of the Company’s foreign currency denominated assets, and liabilities into Thai Baht for financial reporting purposes.
PSHs are a particular type of hydropower plant that relies on the movement of water between water storage facilities that are at different heights. When electricity is required, water is released from an upper to a lower reservoir, but when excess or unneeded power is being generated, this is reversed, and water is pumped back from the lower to the upper reservoir. The latter thus acts as a store of power for when this is needed. PSHs can be divided into 2 primary types:
- Open-loop: The lower reservoir is connected to natural water sources, such as rivers.
- Close-loop: The lower reservoir is not connected to any natural water sources.
Diagram showing the working process of a Pumped Storage Hydropower Plant
Source: Electricity Generating Authority of Thailand (EGAT)
Examples of Pumped Storage Hydropower (PSH) plants in Thailand include the Bhumibol Dam Pumped Storage Power Plant in Tak Province and the Lam Takhong Pumped Storage Power Plant in Nakhon Ratchasima Province.
The Company has a policy to pay dividend at least 50% of net income after tax and legal reserve. However, payment of dividend is dependent on operating results, business plans, liquidity, necessity and other future obligations or commitments. Decision regarding dividend payment will be made by the Company’s Board of Directors by taking into consideration the best interests of its shareholders.
Our Vision “Become a top tier developer of sustainable energy and natural resource-based projects”.
PSGC plans to evolve from a “contractor” to a “regional natural resources and energy project developer,” underpinned by a new business structure built on three mutually reinforcing pillars: construction contracting, natural resources, and energy.
Pillar 1: Construction Contracting – A solid foundation strengthening the Company and supporting new ventures
PSGC is currently an integrated construction service provider with two major ongoing projects in the Lao PDR:
- Xekong Power Plant Expansion Phase 1
- Resettlement Site Development, including new community construction and basic infrastructure works
Pillar 2: Natural Resources – Unlocking opportunities for recurring and stable income
PSGC has begun entering the natural resources sector by piloting operation and maintenance services for mining projects in the Lao PDR, with two initial projects:
- KSO Gold Mine, with 35 years remaining on its concession
- XPPL Coal Mine, with 15 years remaining on its concession
Pillar 3: Energy – Expanding regionally to drive sustainable growth
- Conducting feasibility studies on Pumped Storage Hydropower (PSH) projects, as well as upgrading existing hydropower plants with PSH technology where viable.
- Exploring integrated renewable energy generation to enhance production and supply stability.
- Seeking partnerships and expand electricity markets both in the Lao PDR and across the region.
Looking ahead, PSGC has set a 10-year target (2025–2035) to grow revenue to THB 20 - 30 billion, up from the current level of approximately THB 3 billion.
1. The Company discloses all information in Investor Relations section on the website.
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Disclosure to the Stock Exchange
https://www.psgcorp.co.th/en/investor-relations/newsroom/set-announcements
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News and Media
2. SET website:
https://www.set.or.th/en/market/product/stock/quote/psg/news
Investor Relations Division
E-mail: ir@psgcorp.co.th
Website: www.psgcorp.co.th
Please drop your questions on the “Investor Inquiry” section page
https://www.psgcorp.co.th/en/investor-relations/information-inquiry/contact
PSG Corporation Public Company Limited
11/1 AIA Sathorn Tower, 9th Floor, South Sathorn Road, Yannawa, Sathorn, Bangkok