MAXpower Group to supply 40MW of gas-fired electricity to PLN by mid-2015

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 […]

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Participation in 50 MW gas-fired power generation project in Myanmar

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. […]

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IIF Invests To Drive MAXpower Indonesia’s Expansion

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 […]

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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 […]

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US$21 million Investment from Seasoned Indonesian Investors

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 […]

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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 […]

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