About Business Ideas

When you read a company’s core objective is to “pioneer in universally accessible and sustainable energy infrastructure” as clearly enunciated in its website, you know you’re looking at a company that has taken the global energy concerns as its primary driver in doing business.  That’s the core purpose of the BTU Group, a closely held partnership corporation of Wael Al-Mazeedi and life partner Mitsue Oishi.  Over the last 10 years, the group’s financial arm BTU Ventures, has acquired a number of energy projects in Asia, Africa and the Middle East to bolster its investment portfolio in global energy development –a focus few equity firms have.

In 2004, BTU Ventures secured 60% equity control on Carthage Power Company (CPC) based in Rades, Tunisia, an independent power producing company that generates 471 megawatts of 23% of Tunisia’s electricity consumption.  The following year, the company of Wael Al-Mazeedi and Mitsue Oishi bought a 15% stake in the Abu Dhabi-based Taweelah Asia Power Company (TAPCO) undertaking a $3.1 billion project that included a water desalination plant that produced 730,000 cubic meters of drinkable water daily for the country.  The electric power plant produces 2,061 megawatts for Abu Dhabi.

In December 2005, BTU Ventures has also invested in the Meiya Power Company (MPC) which owns 15 operating energy plants in South Asia with 3 more under development.  In 2007, Wael Al-Mazeedi and Mitsue Oishi thought it best for BTU Ventures to cash in on its 50% equity in MPC to the finance arm of Standard & chartered bank for purposes of financing future energy acquisitions.

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