WHA Utilities and Power Public Company Limited (the Company or WHAUP) was established on June 30, 2008. As of 31 December 2020, WHA Industrial Development Public Company Limited (“WHAID”) holds a majority stake of 70.45 percent. The Company’s core business relates to the: (i) utility business, i.e. procurement and distribution of raw water, production and distribution of industrial water, including other specific industrial water such as Demineralized water, and providing wastewater treatment services to operators in industrial estates and industrial lands; and (ii) power business by operated by itself and through investment in power generation business, both domestically and abroad.
In addition to the exclusivity rights granted by the WHAID Group’s to operate water business, i.e. business relating to procurement, logistic, production and distribution of raw water, process water and wastewater treatment business in its industrial estates in Thailand – containing 10 industrial areas located in Thailand and 1 industrial area in Vietnam, the Company has also obtained the right of first refusal to invest in the natural gas distribution business and waste to energy business in those industrial estates and industrial lands in Thailand for 50 years, starting from 30 March 2016 (as stated in the Strategic Partnership Agreement). WHAID Group and WHA Corporation Public Company Limited Group (“WHA”) have agreed not to compete with the Company in conducting water business and power business in Thailand, Cambodia, Laos, Myanmar and Vietnam (the CLMV countries) for an indefinite term (as stated in the WHA Industrial Development Non-competition Agreement and the WHA Non-competition Agreement).
In relation to the utility business, the Company and WHA Water Company Limited (a subsidiary in which the Company has a stake of 99.99%) are one of the major utilities service providers to companies in Thailand industrial estates. The Company’s aggregate maximum industrial water production capacity in all industrial estates and industrial lands is 354,776 cubic meters per day, with an aggregate maximum wastewater treatment capacity in all industrial estates of 129,256 cubic meters per day. In 2020, the Company’s and its subsidiaries’ aggregate average distribution quantity of raw water and industrial water in all industrial estates and industrial lands was 64.9 million cubic meters per year representing 177,076 cubic meters per day that the said quantity included the distribution quantity of demineralized water and premium clarified water, which has been distributed since October 2019 and June 2020 respectively. An aggregate average wastewater treatment in all industrial estates and industrial lands was 31.1 million cubic meters per year representing 85,184 cubic meters per day. The Company and its subsidiaries also plan to provide other public utilities to industrial operators both inside and outside industrial estates in the future. In addition, the Company already invest utilities business in international which was Vietnam. The Company holds 47% and 34% stake in two tap water companies, namely Cua Lo Water Supply Co- the producer and distributor of tap water in Nghe An and Duong River Surface Water Plant Co (SDWTP) - a leading tap water producer in Hanoi. Both projects have total capacity according to the shareholding equity of 13,000 and 300,000 cubic meters per day respectively. In 2020, WHAUP had total sales from Vietnam projects of 50,739 cubic meters per day or 18.5 million cubic meters per year according to shareholding equity. The Company has been awarded with ISO 9001:2015 for quality standards and IS0 14001:2015 for environmental standards.
In relation to the power business, WHA Energy Company Limited, a subsidiary in which the Company has a stake of 99.99 percent has jointly invested with leading power operators in Conventional Fuel and Renewable Energy generation businesses, both domestically and abroad. WHAUP also has its own operation and investment in Solar power project. As at 31 December 2020, the Company’s aggregate power generating capacity in proportion to its equity in the commercially operating power plants was 590 MW - including commercially operating solar power plants by itself with 36.9 MW and Solar power plants by itself under construction with 11.4 MW. In addition, the company conducts a natural gas distribution business, through WHA Energy Company Limited’s 35 per cent ownership in a joint venture which owns the WHA Eastern Seaboard NGD 2 Project at WHA ESIE 2 and the WHA Eastern Seaboard NGD 4 Project at WHA ESIE 4 which achieved commercial operation start in 2018 and 2019 respectively.