Koh Sichang Waterworks

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In 2004 the municipality of Koh Sichang granted a 30 year tap water supply contract to the Universal Utilities Co., Ltd. (UU), a 100%-owned subsidiary of the Eastern Water Resources Development and Management Plc (East Water). Under the contract the UU would produce quality tap water to be distributed to over 1600 households of Koh Sichang Municipality at Koh Sichang District, Chonburi Province with the production capacity of 250 cubic meters/day Universal Utilities Co., Ltd. (UU) managed waterworks business, receiving concession from governmental agencies such as the Provincial Waterworks Authority (PWA) and various municipalities. Universal Utilites’ business included tap water production and water distribution pipeline management. In 2001, the company began its operation under PWA contract, establishing waterworks offices in five areas, namely Chachoengsao Water Supply Co., Ltd. Bangpakong water supply CO., Ltd. and Nakornsawan Water Supply Co., Ltd. (25-year BOOT contract); Sattahip Water Supply Co., Ltd. (10-year lease contract, extended to 25 year contract) and Si Chang island Municipality which produced tap water from seawater by Reverse Osmosis system. The company also invested in Egcomtara Co., Ltd. which was granted a concession to produce and supply tap water in Ratchaburi-Samut Songkhram areas and operated tap water related business, such as engineering and maintenance service for pipeline system, tap water production system and wastewater treatment system. Following its IPO in 1997, East Water had the following shareholder structure: state-owned Provincial Waterworks Authority (PWA) (44%), Industrial Estate Authority of Thailand (IEAT) (5%), and general investors (51%). By 2005, that shareholding structure was: the partially private Electricity Generating Company (EGCO) of Thailand (18.22%), PWA (40%), IEAT (4.5%), and public investors (37.25%). As of 12/01/2006 East Water had 1,738 shareholders. Major shareholders were governmental PWA (39.99%), partially private EGCO (18.62%), IEAT (4.45%), and the rest of general investors held 36.9%. http://www.uu.co.th/contact.asp?lang=en