Company Profile
WHA Utilities and Power Public Company Limited (the Company or WHAUP) was established on 30 June 2008. 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 WHAUP group and through investment in power generation business, both domestically and abroad.
In addition to the exclusivity rights granted by the WHA Industrial Development Public Company Limited (“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, WHA Water Company Limited and WHAUP Nghe An Joint Stock (both are a subsidiary in which the Company has a stake of 99.99%) are one of utilities service providers to companies in Thailand and Vietnam industrial estates. The Company’s aggregate maximum industrial water production capacity in all industrial estates and industrial lands is 366,776 cubic meters per day, with an aggregate maximum wastewater treatment capacity in all industrial estates of 132,456 cubic meters per day. In 2021, the Company’s and its subsidiaries’ aggregate average distribution quantity of raw water and industrial water in domestic industrial estates and industrial lands was 76.3 million cubic meters per year representing 209,137 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 domestic industrial estates and industrial lands was 36.1 million cubic meters per year representing 98,988 cubic meters per day. The Company and its subsidiaries also has policy 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 Cothe 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 23,000 and 300,000 cubic meters per day, respectively. In 2021, WHAUP had total sales from Vietnam projects of 61,671 cubic meters per day or 22.5 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. In addition to joint venture investment, there are Solar power projects by WHAUP. As at 31 December 2021, the Company’s aggregate power generating capacity in proportion to its equity in the commercially operating power plants was 607 MW - including commercially operating solar power plants by WHAUP group with 55 MW and Solar power plants by WHAUP group under construction with 35 MW. 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 in 2018 and 2019, respectively. In addition, the Company is studying and developing various energy innovations, such as peer-topeer energy trading, energy storage, and microgrid, etc.