IFC, Asia Green Capital Partners to jointly develop wind farm in Indonesia

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International Finance Corporation (IFC), a member of the World Bank Group, and Asia Green Capital Partners Pte Ltd, a renewable-energy developer and investment company, will be co-developing the first wind-power project in Indonesia’s South Sulawesi province. On Aug. 17, as part of the celebrations for the 70th anniversary of Indonesia’s independence,… Read more »

Renewable energy developer Asia Green Capital ropes in StanChart as financial advisor for fund raise

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Asia Green Capital Partners Pte Ltd, Singapore-based Asia-focussed renewable-energy developer and investment company, has appointed Standard Chartered Bank as its financial advisor for the company’s upcoming fund raising exercise, said Managing Director Edgare Kerkwijk said in a press statement. This exercise will cover the company’s funding requirement for development and construction… Read more »

World Bank to provide $10b, ADB $600m to support Indonesia’s energy, infra project

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World Bank (WB) has agreed to form a new five-year country partnership Framework with Indonesia and will be providing more than $10 billion to support the country’s energy, infrastructure development and social programs to reduce poverty. While Asian Development Bank (ADB) has approved an aid worth $600 million for the… Read more »

Indonesia’s Pertamina unit to invest $2.5b on 7 geothermal projects

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Indonesia geothermal power producer PT Pertamina Geothermal Energy (PGE), a unit of state-owned PT Pertamina, will invest $2,5 billion to develop seven geothermal projects, that may be commissioned by 2019. By 2025, PGE targets a total geothermal capacity of 7,094.5 megawatts (MW) from 437 MW at present. PGE President Director Irfan Zainuddin said,… Read more »

South Africa’s Irdeto partners with Samsung, SMiT to launch D2TV system for Indonesia’s Transvision

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 Irdeto, a subsidiary of South African multinational media group Naspers (JSE: NPN), said it is partnering with Samsung and SMiT, to launch the first broadcast Direct-2-TV (D2TV) system for Transvision, an Indonesian satellite, internet and cable television operated by PT Indonusa Telemedia, that does not require a set-top box. Indonusa Telemedia was… Read more »