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Wog Technologies - Leaving Patong Treatment Plant

WOG ITR Water Solution Company Limited, Thailand ( a Project SPV of WOG Group) has been successfully acquired by Wiik Water Company Limited ('Wiik Water') , a subsidiary of Wiik and Hoeglund Public Company Limited listed on the Stock Exchange of Thailand, entered the water resources management business in 2016 in order to meet the demand for water in the industrial sector.

WOG sold the plant for Thai Baht 300 million (USD 10 Million) and will continue as a minority partner with up to 10 percent revenue share agreement for the balance life of the concession.

WOG ITR, set up in 2012, had signed a 30-year concession with Patong Municipality in the Phuket province of Thailand on Build, Own, Operate and Transfer (BOOT) basis. The 25,000 m3 per day project is to treat the waste water, convert into reusable water and supply to customers after laying pipeline. The plant was completed in 2014 and has been selling treated water since then.