With ever-growing concern for the environment, sustainable development and global warming, George’s instinct drove him to venture into the renewable energy sector in a joint venture company to design, build, own and operate a 44 MW hydropower plant in North East Vietnam. This project not only launched Asiatic Group Holdings into the renewable energy sector but expanded the Group’s business into another South East Asian country.

This was quickly followed by a 12.5MW biomass to energy plant in Teluk lntan, Malaysia, which was undertaken on a design, build, own and operate basis and the signing of a power purchase agreement with Malaysia’s TNB. This plant uses empty fruit bunches – a waste product from palm oil mills – as its fuel. This plant is developed, constructed and commissioned with investment and technological expertise from Colben Energy Holdings and is considered the crown jewel project of Asiatic Group Holdings.