Jakarta, 12 March 2015 – MAXpower Group (“MAXpower” or “the Group”), Southeast Asia’s leading gas-to-power specialist, through its independent power producer business, PT MAXpower Indonesia, has won two competitive tenders to supply 40MW of total capacity to PT PLN (Persero) (“PLN”), the Indonesian government-owned electricity utility, under 80% take-or-pay agreements. Both projects are expected to […]
Yangon, 16 December 2014: Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo; President & CEO: Masami Iijima) has acquired a 44% stake in Myanmar Power Pte Ltd (“MPPL”). Mitsui, MAXpower Asia Group Pte Ltd (“MAGPL”) and MPPL have signed a share subscription agreement on mutually agreed upon terms between Mitsui and MAXpower Group Pte. Ltd. […]
Singapore and Jakarta, 3 September 2014 – MAXpower Group (“MAXpower” or “the Group”), Southeast Asia’s gas-to-power specialist, today announces two senior appointments: Michael Wirawan, an experienced international investment banker and finance executive Ian Fox, a true emerging market energy development expert
Singapore and Jakarta, 14 July 2014 – MAXpower Group (“MAXpower” or “the Group”), the SE Asia gas-to-power specialist, today announces that PT Indonesia Infrastructure Finance (“IIF”), a non-bank financial institution owned by the Minister of Finance of the Republic of Indonesia (through PT SMI), International Finance Corporation (“IFC”), Asian Development Bank (“ADB”), Deutsche Investitions-und Entwicklungsgesellschaft […]
Appointment of New CEO and Creation of Executive Chairmanship Mark the Beginning of a New Era for the Group
Singapore/Jakarta, Indonesia (15 May 2014) – Navigat Group (“Navigat” or “the Group”), the South East Asian gas-to-power specialist, today announces the promotions of Arno Hendriks to Chief Executive Officer (“CEO”) and of Willi Goldschmidt to Executive Chairman, a newly created role. These appointments take effect immediately, broadening the board of directors. Arno and Willi will […]
Singapore and Jakarta, (5 May, 2014) – Navigat Group Pte Ltd (“Navigat” or the “Company”), the SE Asian gas-to-power specialist, today announces a US$21 million investment from two seasoned Indonesian investors, Mahanusa Capital and Gunung Sewu Group. The investment comes shortly after Standard Chartered Bank Private Equity’s (“SCB PE”) US$25 million investment in Navigat in […]
Jakarta, Indonesia (March 13th 2014) – MAXpower Indonesia, Navigat Group’s power generation business, today launches the first marine supplied compressed natural gas (“CNG”) power plant in Indonesia..
Yangon, Myanmar (February 17th 2014) –Myanmar Electric Power Enterprise (‘MEPE’), the state owned electricity company of Myanmar, and MAXpower (Thaketa) Co. Ltd (“MAXpower”)..
Navigat Group announces US$25m investment from Standard Chartered Private Equity and completes US$270m debt refinancing
Singapore and Jakarta, (December 9th 2013) – Navigat Group Pte Ltd (“Navigat” or the “Company”), announced that it has recently received a US$25 million investment from Standard Chartered Private Equity (“SCPE”). This is the second investment made by Standard Chartered into Navigat, with the first investment of US$58 million having been made by the Standard […]
Singapore, 23 September 2013 – After succesfully providing additional power supply for Singapore’s prestigous night race in 2012 MAXpower was engaged again this year by F1 organizers to supply the circuit with electricity.