<article>Singapore-based <a href="http://www.nexif.com" target="_blank">Nexif Energy</a>, a Southeast Asian independent power producer, has acquired a majority ownership of Viet Hydro Pte Ltd.</article>

Singapore-based <a href="http://www.nexif.com" target="_blank">Nexif Energy</a>, a Southeast Asian independent power producer, has acquired a majority ownership of Viet Hydro Pte Ltd.
With this deal, Nexif also gains controlling interest in Viet Hydro&#8217;s 30 MW Coc San power project in Vietnam, marking the first project under the Nexif platform which was formed in August 2015.
Nexif Energy, formed with the backing of energy-focused private equity firm <a href="http://www.denhamcapital.com" target="_blank">Denham Capital</a>, acquired the shares of two existing shareholders and has subscribed to additional equity shares, resulting in its majority holding in Viet Hydro.
InfraCo Asia Development Pte Ltd, a Singapore-based infrastructure development company, is also a shareholder of Viet Hydro and retains its stake.
From 2010 to 2015, Nexif, as manager of <a href="http://www.infracoasia.com" target="_blank">InfraCo Asia</a>, originated and developed infrastructure projects for InfraCo Asia through its subsidiary Nexif (InfraCo) Management Pte Ltd.
Coc San is a run-of-the-river 30 MW hydropower project located in the Dum River Valley, a tributary of the Hong (Red) River, about 300 km northwest of Hanoi. It is in advanced stages of construction and is expected to commence power generation by March 2016.
<a href="https://sg.linkedin.com/in/surender-singh-98494b24" target="_blank">Surender Singh</a>, founder and co-CEO of Nexif Energy, stated: “Hydroelectric power is one of the most economical sources of electrical energy in Vietnam. With its strong renewable hydro resources, liberalising power regulatory regime and stable political environment, Vietnam is a key investment destination and presents an attractive growth opportunity for Nexif Energy.”
According to co-founder and co-CEO <a href="https://sg.linkedin.com/pub/matthew-bartley/11/3a3/b1a" target="_blank">Matthew Bartley</a>, Nexif is currently reviewing other investment opportunities within Vietnam and around Southeast Asia that would build on the initial investment.
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Denham Capital-backed Nexif Energy acquires majority stake in Viet Hydro Power

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Denham Capital-backed Nexif Energy acquires majority stake in Viet Hydro Power

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