With the TEE Group’s experience in large-scale engineering projects and its track record in facilities management, investing into infrastructure and infrastructure-related projects and assets (“Infrastructure business”) is a natural and complementary extension to the Engineering business.
TEE’s wholly owned subsidiary, TEE Infrastructure Private Limited (“TEE Infrastructure”) was established to offer comprehensive sustainable solutions to meet demands for integrated infrastructure, utilities and environmental services throughout the Asia Pacific region. This includes the delivery of engineering services across the full life cycle, from project feasibility and funding advisory through design and build to
funding, operation and maintenance. TEE Infrastructure is actively seeking to build up its infrastructure assets mainly related to water, power and envirionmental, through investing in assets and developing greenfield projects in Asia Pacific.
Through a joint venture partner in Thailand, TEE owns a 49% stake in Global Environmental Technology Co., Ltd. (“GETCO”). GETCO is one of Thailand’s largest waste water treatment companies, with a total capacity of 350 million litres per day, serving commercial, industrial, business and residential communities. It currently operates two wastewater treatment plants in Thailand including Bangkok’s first underground waste water treatment plant in Bang Sue.
TEE has also ventured into the power business through a 21.05% investment in PowerSource Philippines Distributed Power Holdings, Inc. in 2015. Through this investment, TEE made its maiden foray into the Philippines to own and construct a 25 Megawatt green-field power plant.
As a first step to explore the solar business, TEE Infrastructure installed a 17.11kW solar PV system at the rooftop of TEE Building. Through this installation, TEE Infrastructure has a better understanding of the solar business and aims to build this business. With its new strategic partnership with Malaysian Solar Resources (“MSR”), TEE and MSR will participate in tenders for new solar projects as well as strategically explore more solar opportunities in the South-East Asia region.