May 17th, 2011 | 
Author: It can be said that no power generating plant has ever lost money. There’s always a sure market for the electricity they produce. The BTU Group owned by Wael Al-Mazeedi and his life partner Mitsue Oishi know understands the market dynamics of the energy production chain and as is strategically into energy investments, power operations and maintenance. It realizes its vision through its financial arm, the BTU Ventures and management arm, BTU Industries.
The group has created a stir in the industry of Independent Power producers when Wael Al-Mazeedi and Mitsue Oishi took a long term commitment in two IPP (Independent Power Producer) companies in Africa and the Middle East during the last decade. In 2004, the company’s financial arm, BTU Ventures acquires a 60% state in Carthage Power Company, a 471-megawat cycle turbine plant based in Rades, Tunisia and in 2005, its BTU Industries acquired a 15% stake at Taweelah Asia Power Company (TAPCO), a 2,061 megawatt power plant based in Abu Dhabi, UAE which included a water desalination plant producing 730,000 cubic meters of clean potable water daily.
Apart from its energy company acquisition binge, BTU, through its management and technology arm, BTU Industries, is leveraging more than a decade of technical and managerial experience in unparalleled industry-grade thermal processing equipment. The company of Wael Al-Mazeedi and Mitsue Oishi enjoys hundreds of individual and corporate investors from member countries in the Gulf Cooperation Council and is expected to grow with more projects in the pipeline.
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