Sahakol Engineer Co., Ltd. was established in 1970 by Sirison Family as a civil construction company to support the National Policy to improve the infrastructure in every part of the country. The company had since built many major roads in Thailand. Later, in 1983, The Electricity Authority of Thailand (EGAT) decided to build a Coal-fire Power Plant in Mae Moh Mine in Lampng province. The Company was awarded a Phase-1 contract worth 3,544 Million Baht to provide Mining Service including Overburden Removal service, during 1983-1990. The Company also won the Phase-2 Contract, worth 9,865 Million Baht to provide Mining Service during 1990-1998.
On May 10th, 2001, Sahakol Equipment Co., Ltd. was founded to become Main Company in the Group to provide Full-scale Mining Solution from Mining Planning, Open Pit Mining, Mining Consultancy to Large Equipment Rental and Maintenance. In addition, the Company also used its civil construction expertise to build necessary infrastructures such as roads and residential buildings. Currently, all Full-scale Mining Services are provided by Sahakol Equipment Co., Ltd. Its Major Ongoing Projects are Phase-7 Mae Moh Project for Coal and Overburden Removal from 2008 to 2020, worth 21,906 Million Baht and Phase-7/1 Projects worth 5,273 Million baht for 2011-2015. These 2 projects are undertaken by The Consortium of Sahakol Equipment Co., Ltd. and Italian Thai Construction Plc. with 4,221 Million Baht for Phase-7, from January 1st, 2012 to project completion. The Consortium also won Phase 8 contract worth 1,190 million baht and run from April 1, 2012 to project completion.
Sahakol Engineer Co., Ltd was awarded a Phase-1 Mae Moh Mining Contract by Electricity Authority of Thailand (EGAT) for the Overburden Removal Service of 90-Million Cubic Meter at Mae Moh Mine in Lampang. Later, the Company was awarded additional works for Overburden Removal for 22 Million Cubic Meter and Lignite Coal Separation for 1.5 Million Tons as well as other related construction works. The overall contract was 3,544 Million baht.
Sahakol Engineer Co., Ltd. was awarded a Phase-2 Mae Moh Mining Contract by Electricity Authority of Thailand (EGAT) for the Overburden Removal Service at Mae Moh Mine in Lampang, worth 9,718 Million Baht. Later, the Company was awarded additional work Overburden Removal for 77 Million Cubic Meter, worth 147 Million Baht.
Sahakol Engineer Co., Ltd. was awarded a Contract by Department of National Highways to construct Road No. 35- Thonburi-Paktor, with 8-Kilometer Length, connecting to Road No. 37. The work scope also included Water Piping Construction and Installation Work for the Metropolitan Water Authority of Thailand and Underground Electric Wire Installation Work for the Metropolitan Electricity Authority of Thailand. The Overall Project Value was 1,501 Million Baht.
The Company had increased its registered capital to 500 Million Baht and focused on providing Full-scale Mining Construction Services.
The Company was awarded a sub-contractor contract for Mae Moh Phase-4 Project for Soil Excavation of 28 Million Cubic Meters. The Project had 504 Million Baht Value and operated from 2002-2006.
Later, The Consortium led by the Company and A.S. Associate Engineering (1964) Co., Ltd. was awarded a Mae Moh Mining Contract for Overburden Removal for 80 Million Cubic Meter, from 2007 to 2009. The Project Value was 2,820.25 Million Baht.
The Joint-Venture led by the Company and Italian-Thai Development Plc. (ITD) was awarded a Mae Moh Phase-7 Mining Contract for Overburden Removal. The Company holds 50% Share in the Joint-Venture. The Overall Project Value was 21,906 Million Baht.
Mae Moh Phase 7/1 Mining
The SQ-ITD Joint Venture, which the Company owns 50% Share, was awarded a Mae Moh Phase 7/1 Mining Contract for Overburden Removal of 80 Million Cubic Meter. The Project Value was 5,273 Million Baht.
In January 23, 2014, the Company was awarded a Mining Concession Contract by Hong Sa Power Co., Ltd. for Overburden Removal for Hongsa Coal-Fire Power Plant in Laos. The Project Value is 11,742.7 Million Baht.
In July 2014, The Company paid a Dividend of 14-baht per share from the Net Profit in 2012, to the Company’s shareholders of total 5,000,000 shares. The Dividend amount was 70 Million Baht.
The Company also increased its registered capital through Right Offering for existing shareholders, from 500 Million Baht to 750 Million Baht. The First Capital Increment was on November 11, 2014 for 200 Million Baht and the Second one was on January 26th, 2015 for 50 Million Baht. The New Shares was allocated on February 27, 2015. The Capital Increase was used to invest in the Hongsa Project.
The Company was awarded Mae Moh Phase-8 Mining Contract by EGAT on August 26, 2015. The Project Period is from 2016-2025 has the Project Value of 22,870 Million Baht.
The Company has converted into a Public Company Limited on April 3, 2015. The Company increased its Registered Capital from 750 Million baht to 1,115 Million Baht and will offer 380 Million New Shares with 1-baht par value via the Initial Public offering to Public Investors.
Sahakol Engineer Co., Ltd. had stopped business operation and was unregistered on March 15, 2015.
In May 9 2018, the Company received and signed the letter of intent with respect to an amendment to Mining Services Agreement Contractor D from Hongsa Power Company Limited (“HPC”) that the amount of additional services fee is 1,036 Million Thai Baht from the excavation, sorting and transportation of waste with a quantity of approximately twenty-eight (28) Million Bank Cubic Meter
Sahakol Equipment Wins 2,265 Million Baht Project
Operation and Maintenance Services of Waste Line 2 System and Operation and Maintenance Services for Ash Conveyor System.