Business News • MarketWire • Navigat Group US$21 Million Investment From Seasoned Indonesian Investors |
Navigat Group US$21 Million Investment From Seasoned Indonesian Investors |
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Navigat Group US$21 Million Investment From Seasoned Indonesian Investors
SINGAPORE and JAKARTA, INDONESIA--(Marketwired - May 5, 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 December 2013 and represents a strong vote of confidence from the Indonesian business community in the Company. As with the SCB PE investment, the new proceeds will be deployed to enable Navigat's power generating business MAXpower to achieve its target of 1,000MW of installed operating capacity by the end of 2015. Following the investment, Mr Daniel Budiman, Founding Partner of Mahanusa Capital will join the Navigat Board of Directors.
View More : http://www.marketwired.com/mw/release.do?id=1906035&sourceType=3
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