Indonesia’s Navigat raises power funds

The Indonesian gas-to-power group is set to announce $21 million in top-up investments as early as this week to build power generators.

Indonesia’s Navigat raises power funds
Demand for electricity in remote and inaccessible areas of Indonesia is vast.

Navigat, the gas-to-power group, is set to announce $21 million in investments from Indonesian investors to expand its network of power generators across Southeast Asia.

The investors in the Jakarta-headquartered company are financial services firm Mahanusa Capital and conglomerate Gunung Sewu Group. Their expected pledges follows a $25 million investment in Navigat by the private equity arm of Standard Chartered in December last year.

As with Standard Chartered’s investment, the new...

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