Jan Jacob Peters founded Projekt Service Peters.

Immediately after that, PSP delivered spare parts for the film and flexible packaging industry. This project promoted the company's rapid development. The same year, the company was involved in the construction of the Royal Totos hydro power plant (Kenya, Africa).

Construction of the Congo hydro power plant, RETHY CECA 20 HYDRO PLANT project, is successfully completed.

The company begins to collaborate with leading manufacturers of high technology equipment in Europe. PSP is involved in the development of projects for Ukraine, Kazakhstan, Uzbekistan, and Belarus. Projekt Service Peters enters the world market as an industrial equipment and spare parts supplier.

A cooperation agreement with Applied WEB is signed, and hydro power plants for GombeMatadi Hydro Plant and Karawa-Zulu Falls Hydro Plant are built.

PSP signs a representation agreement with ARTEC Machinery GmbH, a manufacturer of highly effective equipment for recycling all kinds of plastic waste.

Nairobi Diguna-Mbagathi Hydro Plant construction is completed.

The company partners up with UNICOR, corrugated pipe producer. PSP participates in a relevant exhibition, strengthening its presence in the market.

The company expands successful cooperation with Applied Materials by signing the spare parts and microelectronics supply agreement.

A cooperation agreement with Etlinger is signed. PSP becomes an official sponsor of the THB women's soccer team.

A cooperation agreement with Comexi, a major supplier of flexible packaging equipment, is signed.

The design phase of the KIANTHUMBI MINI HYDRO-POWER PLANT hydro power plant is completed. A contract with Kenya Power is signed.

A cooperation agreement with Comexi is extended. PSP, together with a partner, participates in the Rosupak exhibition. Construction of KIANTHUMBI MINI HYDRO-POWER PLANT hydro power plant is underway.