Monday, June 13, 2011

Wael Al-Mazeedi at the Forefront of BTU Group

Alongside his life partner, Mitsue Oishi, Wael Al-Mazeedi stands atop one of the world's largest private energy producers. The Chief Executive Officer of the Waltham, Massachusetts-based BTU Group, Mr. Al-Mazeedi has come quite a long way from his humble roots, where he was forced at gunpoint to flee Kuwait during the Persian Gulf War in 1990. Known for his finesse, tact, and diplomatic skill, Wael Al-Mazeedi studied Applied Chemistry with Control Engineering at the University of Kent in Canterbury. After receiving his Bachelor's degree, he received a post-graduate diploma from the College of Petroleum and Energy Studies in the United Kingdom, and then earned a Master's degree in Public Administration from Harvard University's School of Government.

From Novinite.com

In the ensuing quarter century, Mr. Al-Mazeedi and Mitsue Oishi have started two companies that have made widespread access to electricity a reality for even the poverty-stricken residents of North Africa, the Middle East, China, and more. After beginning his career working as an engineer in a refinery, he seamlessly transitioned to the Kuwait Petroleum Corporation, where he was an investment analyst. With over two decades of experience under his belt, Wael Al-Mazeedi has become known worldwide as an expert at developing and financing large-scale energy projects. The BTU Group, which he started in 2001, boasts a current net worth of over one billion dollars.

From BTU Ventures

BTU Power – a private equity fund – manages huge quantities of power generation (11,000 Megawatts of power generation potential to be precise). Located throughout the United Arab Emirates, South Korea, Taiwan, and Tunisia, these projects are developed and managed by BTU Power. Mr. Al-Mazeedi – who additionally serves as Managing Partner of BTU Power – oversaw the acquisition of the Carthage Power Company, a 471 Megawatt power plant located in Rades, Tunisia. BTU Power became the majority of owner of CPC when it purchased 60% of the private plant that produces and then sells nearly a full quarter of all electricity consumed in Tunisia to STEG, the Tunisian national electric and gas utility.

From BTU Ventures

The collaborative success story of Mr. Al-Mazeedi and Mitsue Oishi has been nothing short of remarkable. BTU aims to create a universally accessible, sustainable energy infrastructure in order to transform the global energy industry. Wael Al-Mazeedi envisions the global energy industry as an impetus for economic growth and technological advancement. “At BTU, we aim to create a new type of energy company that will pioneer a sustainable business model,” Mr. Al-Mazeedi explained. “BTU’s goal is to lead the way in the development of globally accessible and sustainable energy infrastructure in a world that is in the early stages of a transformation to a multi-source energy future.”

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