Palo Seco Agricultural
Enterprises Limited

a look back

Our Story

Palo Seco Agricultural Enterprises Limited (PSAEL) was born out of the predecessor Company – Palo Seco Estates Limited and incorporated on October 11, 1956 as a wholly owned subsidiary of Trinidad Petroleum Development Company (TPD), and therefore has been in operation for over sixty-six (66) years. The Company had various name changes over the period as the name was changed on November 16, 1977 to Trinidad-Tesoro Agricultural Company Limited and again on January 8, 1986 to its current operating name.

The Transition To PSAEL

The Company was transferred from Tesoro to the Trinidad and Tobago Petroleum Company Limited (TRINTOPEC) and in 1985 under TRINTOPEC, the Company was renamed to Palo Seco Agricultural Enterprises Limited (PSAEL).

In 1993 with the merger and vesting of the oil related assets of the Trinidad and Tobago Oil Company Limited (TRINTOC) and TRINTOPEC into the Petroleum Company of Trinidad and Tobago Limited (PETROTRIN) pursuant to the PETROTRIN Vesting Act No. 27 of 1993, PSAEL’s core function became the provision of estate maintenance and estate management services to PETROTRIN, in addition to its on-going Agri-Business activities.

In January 1996 PSAEL was restructured. Staff from PETROTRIN was seconded to PSAEL to manage PETROTRIN’s residual assets. In June 2000, PSAEL formalized a Management Contract with TRINTOC, TRINTOPEC and PETROTRIN, for the provision of estate maintenance and estate management services, for an agreed management fee.

As a result of a change in its mandate, in 2004, PSAEL ceased its agricultural activities, which included products such as pasteurized milk, cocoa, citrus and other short term crops and focused mainly on project management services to both the Government and PETROTRIN.

Realigning our business operations

In 2006 the Company was incorporated as a Special Purpose State Enterprise and aligned under the Ministry of Works and Infrastructure.  PSAEL, like other State Enterprises, was incorporated as part of the Government’s initiatives to accelerate the delivery of the infrastructure required to advance the Country’s social and economic development, towards the achievement of the 2020 developed Country status.  One of the core functions of PSAEL was the provision of services such as procurement, designs, project execution to completion for Ministries and State agencies lacking the institutional capacity to manage projects.  In addition to this, PSAEL continued to provide estate surveillance and estate management services to PETROTRIN, TRINTOC and TRINTOPEC. 

 

Between 2007 and 2008, the Company was realigned under the Ministry of Local Government, with responsibility for providing infrastructural development in communities across the South western peninsula of Trinidad, while continuing to provide services to PETROTRIN and its predecessor companies.

 

In September 2013 as a result of the Government’s decision to restructure Line Ministries, PSAEL was again realigned, with a direct reporting relationship to the Ministry of Works and Infrastructure. This relationship continued until September 10, 2015.  Thereafter, PSAEL was directed to report to the Ministry of Rural Development and Local Government. 

 

Effective September 19, 2017, PSAEL was reassigned to the Ministry of Agriculture, Land and Fisheries with a new mandate of “leasing lands for agricultural purposes and maintaining its current arrangement with PETROTRIN and other entities.” To date PSAEL still functions under this Ministry. Our current thrust is towards expanding our land and project management portfolio and ancillary services to various Companies with a vision to become the Country’s premier land management services provider.

Meet Our Directors

Dillon Teelucksingh

Director

Elizabeth Mohammed- Ali

Vice-Chairman

Annalean Inniss

Chairman

Lorett Hope-Mc Donald

Director

Ronald Dwarika

Director

Annalean Inniss

Chairman

Elizabeth Mohammed- Ali

Vice-Chairman

Lorett Hope-Mc Donald

Director

Dillon Teelucksingh

Director

Ronald Dwarika

Director

Elizabeth Mohammed- Ali

Vice-Chairman

Annalean Inniss

Chairman

Lorett Hope-Mc Donald

Director

Dillon Teelucksingh

Director

Ronald Dwarika

Director

Our Records

Numbers Speak For Themselves

ESTABLISHED
1950
Projects
75 +

Our Mission

“Transforming communities by providing quality services in the development and implementation of infrastructure and property management solutions.”

Our Vision

A profitable organization benchmarked for quality service and supported by competent and motivated employees.

Core Values

  • Integrity
  • Customer Focus
  • Health, Safety and Environmental Responsibility
  • Professionalism
  • Continuous Development