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 mbH (“DEG”) and Sumitomo Mitsui Banking Corporation (“SMBC”), has made a USD12.5 million investment in exchange for a minority stake in PT MAXpower Indonesia (“MAXpower Indonesia”), the Group’s Indonesian independent power producer (“IPP”) subsidiary. The proceeds will be primarily deployed to fund capital expenditure in MAXpower’s Indonesian power generation business.

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