Navigat Energy Indonesia » Navigat Energy Indonesia http://navigatenergy.com Navigat Energy Indonesia Fri, 25 Aug 2017 03:39:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.3.17 US$21 million Investment from Seasoned Indonesian Investors http://navigatenergy.com/us21-million-investment-from-seasoned-indonesian-investors/ http://navigatenergy.com/us21-million-investment-from-seasoned-indonesian-investors/#comments Mon, 05 May 2014 07:39:22 +0000 http://navigatenergy.com/wordpress/?p=2075 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 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.

“We are delighted to welcome two of Indonesia’s most respected investment companies as shareholders in Navigat. This and the Standard Chartered investment are great endorsements of our strong proposition and exciting potential. We are also very excited to have Daniel join the board and look forward to his insights and the valuable contribution he will make to MAXpower’s future in Indonesia” said Mr Arno Hendriks, CFO of Navigat.
Mr Daniel Budiman, Founding Partner of Mahanusa Capital commented: “We are particularly interested in companies with proven track records, strong competitive advantage, first-rate management teams and ambitious growth plans. As the leading gas-to-power specialist in South East Asia, Navigat’s profile ideally matches our investment focus. Demand for electricity in remote and inaccessible areas of Indonesia is vast, and growing very quickly. Few companies have the expertise, scale and ambition to really meet this demand. Navigat is a company to watch in the future and we are very excited to be participating and enabling in its growth going forward”

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MAXPOWER launches first marine supplied CNG power plant in Indonesia http://navigatenergy.com/maxpower-launches-first-marine-supplied-cng-power-plant-in-indonesia/ http://navigatenergy.com/maxpower-launches-first-marine-supplied-cng-power-plant-in-indonesia/#comments Thu, 13 Mar 2014 07:06:36 +0000 http://navigatenergy.com/wordpress/?p=1667 Jakarta, Indonesia (March 13th 2014)MAXPOWER Indonesia, Navigat Group’s power generation business, today launches the first marine supplied compressed natural gas (“CNG”) power plant in Indonesia..

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Jakarta, Indonesia (March 13th 2014)MAXPOWER Indonesia, Navigat Group’s power generation business, today launches the first marine supplied compressed natural gas (“CNG”) power plant in Indonesia. The 6 MW plant, located on Bintan Island, cost US$4 million to develop and construction was completed in only two months. It is fully owned and operated by MAXPOWER Indonesia and was financed through shareholder loans. PT PLN (Persero) (“PLN”), the Indonesian government-owned electricity grid, fully endorsed this project and agreed to a five year offtake agreement.

MAXPOWER Indonesia’s new Bintan plant will be operated with CNG supplied by PLN Batam and transported to Bintan by ship. The plant’s output, derived from two GE (“General Electric”) Jenbacher gas engines, will be supplied directly to PLN. The state-of-the-art CNG fuelled power generation technology will reduce carbon emissions by half and production costs by 35% compared to traditional diesel-fired power, enabling PLN to make annual savings of US$4.5 million from this project alone.

Commenting on the project, Sebastiaan Sauren, Chief Operating Officer and Co-Founder of Navigat Group, said: “On many Indonesian islands, electricity is primarily generated by expensive and highly polluting diesel generators, which PLN has vowed to replace. Our low-cost low-emission modular technology is perfectly adapted to the archipelago’s topography, and we plan to replicate the model across Indonesia. The opportunity in Bintan and Batam alone is a minimum of 200 MW and, given the cost savings we can provide to PLN, the economics are compelling. This is the first of many marine supplied CNG power plants; we are already working with PLN to double capacity on Bintan.”

Ardian Cholid, Commercial and Business Development Director of PLN Batam, said: “This inaugural CNG marine project represents a unique and innovative solution to bring reliable, fast, and more affordable power to Indonesia’s archipelago. This is a game-changer for Bintan, reducing diesel dependency and carbon emissions, and achieving very significant cost savings. Bintan’s new power station operates with highly efficient gas engines, and construction was completed in just two months. We view this project as a blueprint in electricity generation for the entire country.”
PLN is targeting to replace the existing 10,000 MW diesel- and oil-fired power capacity across Indonesia as soon as possible to reduce its current deficit and carbon emissions. MAXPOWER’s CNG technology is fully endorsed by PLN, and could serve to replace the existing 1,000 MW produced by diesel generators across multiple islands, thereby potentially generating up to US$750 million in annual savings for PLN.

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MAXPOWER Signs Landmark Agreement with Myanmar Electric Power Enterprise http://navigatenergy.com/maxpower-signs-landmark-agreement-with-myanmar-electric-power-enterprise/ http://navigatenergy.com/maxpower-signs-landmark-agreement-with-myanmar-electric-power-enterprise/#comments Mon, 17 Feb 2014 07:28:34 +0000 http://navigatenergy.com/wordpress/?p=1650 Yangon, Myanmar (February 17th 2014) –Myanmar Electric Power Enterprise (‘MEPE’), the state owned electricity company of Myanmar, and MAXPOWER (Thaketa) Co. Ltd (“MAXPOWER”)..

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Yangon, Myanmar (February 17th 2014) –Myanmar Electric Power Enterprise (‘MEPE’), the state owned electricity company of Myanmar, and MAXPOWER (Thaketa) Co. Ltd (“MAXPOWER”), a Myanmar power generating subsidiary of the Navigat Group, today executed a Power Purchase Agreement (“PPA”) in relation to the construction and operation of a fifty (50) MW gas-fired power plant located within the Thaketa district of Yangon, Myanmar’s largest city. The plant will utilise the efficient and advanced technology of sixteen (16) GE’s (General Electric) Jenbacher gas engines. MAXPOWER’s has invested US$35MM in the plant which is now fully operational.

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Navigat Group announces US$25m investment from Standard Chartered Private Equity and completes US$270m debt refinancing http://navigatenergy.com/navigat-group-announces-us25m-investment-from-standard-chartered-private-equity-and-completes-us270m-debt-refinancing/ http://navigatenergy.com/navigat-group-announces-us25m-investment-from-standard-chartered-private-equity-and-completes-us270m-debt-refinancing/#comments Mon, 09 Dec 2013 04:30:00 +0000 http://navigatenergy.com/wordpress/?p=1627 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 Chartered IL&FS Asia Infrastructure Growth Fund (“SCI Asia”) in January 2012.

This second round of equity investment was made in conjunction with a US$270 million debt refinancing for Navigat where Standard Chartered Bank was advisor to the Company and joint lead arranger with OCBC Bank. The new equity and debt proceeds will be used to substantially accelerate Navigat’s growth plan to achieve 1,000MW of operating capacity by 2015.

“I am extremely pleased with the vote of confidence from SCPE’s second round of equity investment, and completion of the refinancing led by Standard Chartered and OCBC Bank,” said Mr Willi Goldschmidt, CEO and Founder of Navigat. “I would also like to express my sincere gratitude to Standard Chartered Bank for their continued support of our business aspirations.”

“With the support of Standard Chartered, Navigat has successfully transformed itself from being the leading GE Jenbacher engine retailer with a small power asset portfolio into a company that, in addition to its engine sales business, is primarily focused on developing, constructing, owning and operating gas-fired power plants.” said Mr Sebastiaan Sauren, COO and Co-Founder of Navigat. “The Company now has active operations throughout Indonesia, Thailand, Singapore and Myanmar, and with the additional capital we anticipate a rapid expansion of our power generation fleet in the next 24 months.”

Mr Arno Hendriks, CFO of Navigat, added, “Having a solid financial partner in Standard Chartered has been invaluable to us as it has given us the ability to exploit truly exceptional energy investment opportunities throughout South East Asia. We greatly value our close relationship with Standard Chartered and look forward to continue working closely with the Bank over the coming years as we expand our portfolio.”

“Navigat is a top tier developer of power plants and supplier of energy solutions and we are extremely pleased to have the opportunity to make this second round of investment to support the Company’s ambitious growth programme,” commented Mr Greg Karpinski, Co-Head of the Energy, Resources and Infrastructure team within SCPE that was responsible for making the equity investment. “Over the past two years, we have built a strong relationship with the Navigat team and have been impressed by the Company’s outstanding performance and the “Can Do” spirit of its talented team. By working together with our colleagues from the wholesale banking business, Standard Chartered was able to provide a comprehensive and innovative financing solution that will ensure the Company is well capitalised for the coming years.”

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MAXPOWER illuminates F1 Grand Prix Night Race in Singapore http://navigatenergy.com/maxpower-illuminates-f1-grand-prix-night-race-in-singapore/ http://navigatenergy.com/maxpower-illuminates-f1-grand-prix-night-race-in-singapore/#comments Mon, 23 Sep 2013 10:05:37 +0000 http://navigatenergy.com/wordpress/?p=912 Singapore, 23 September 2013 - After succesfully providing additional power supply for Singapore’s prestigous night race in 2012 MAXPOWER was engaged again this year by F1 organizers to supply the circuit with electricity.

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Singapore, 23 September 2013 – After succesfully providing additional power supply for Singapore’s prestigous night race in 2012 MAXPOWER was engaged again this year by F1 organizers to supply the circuit with electricity.

MAXPOWER utilized 25 units of Volvo Penta 500Kva and 13 units of Perkins 50kva with a total electrical output of 10MW. These units were placed along the circuit and made sure that the required power generation was guaranteed. A critical aspect of course in a night event like this.

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MAXPOWER successfully commissioned the 50 MW Thaketa Power Plant in Yangon, Myanmar http://navigatenergy.com/maxpower-successfully-commissioned-the-50-mw-thaketa-power-plant-in-yangon-myanmar/ http://navigatenergy.com/maxpower-successfully-commissioned-the-50-mw-thaketa-power-plant-in-yangon-myanmar/#comments Sun, 18 Aug 2013 08:06:22 +0000 http://navigatenergy.com/wordpress/?p=1237 Jakarta, 18 August 2013MAXPOWER successfully commissioned the Thaketa power plant. y utilizing 16 GE Jenbacher gas engines, type 620, each producing 3.3 MW

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Jakarta, 18 August 2013MAXPOWER successfully commissioned the Thaketa power plant. By utilizing 16 GE Jenbacher gas engines, type 620, each producing 3.3 MW, the plant generates an electrical output of 50 MW. The plant is gas fired and provides electricity for the suburbs of Yangon. The offtaker of this plant is MOEP.

The region regulary faces blackouts and the MAXPOWER plant helps to increase the ratio of electrification.

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MAXPOWER successfully commissioned 1 MW Power Plant in Dawai, Myanmar http://navigatenergy.com/maxpower-successfully-commissioned-1-mw-power-plant-in-dawai-myanmar/ http://navigatenergy.com/maxpower-successfully-commissioned-1-mw-power-plant-in-dawai-myanmar/#comments Mon, 24 Jun 2013 07:58:37 +0000 http://navigatenergy.com/wordpress/?p=1228 Jakarta, 24 June 2013MAXPOWER successfully commissioned a Power Plant in Dawai, Myanmar. By utilizing a gas engine from GE Jenbacher, type GEJ 320, the gas fired plant provides electricity in the South of Myanmar. The offtaker of this plant is LNG Plus International (HQ) Ltd.

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Jakarta, 24 June 2013MAXPOWER successfully commissioned a Power Plant in Dawai, Myanmar. By utilizing a gas engine from GE Jenbacher, type GEJ 320, the gas fired plant provides electricity in the South of Myanmar. The offtaker of this plant is LNG Plus International (HQ) Ltd.
MAXPOWER successfully overcame several challenges during the delivery from Thailand to Dawei’s site in Myanmar, such as difficult road and weather conditions. The journey itself took 3 days and covered a distance of 150 km.

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MAXPOWER hires new Director for Quality, Health, Safety and Environment (QHSE) http://navigatenergy.com/maxpower-hires-new-director-for-quality-health-safety-and-environment-qhse/ http://navigatenergy.com/maxpower-hires-new-director-for-quality-health-safety-and-environment-qhse/#comments Thu, 18 Apr 2013 03:34:09 +0000 http://navigatenergy.com/wordpress/?p=674 MAXPOWER is proud to welcome aboard Mr. Aryo Indradi as the Head for Quality, Health, Safety and Environment (QHSE).

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MAXPOWER is proud to welcome aboard Mr. Aryo Indradi as the Head for Quality, Health, Safety and Environment (QHSE).

Prior to joining MAXPOWER, Mr. Indradi was employed as Head of Quality Management – Safety Health and Environment at PT Sumberdaya Sewatama, and comes to MAXpower with a wide range of experience in setting up and implementing system and quality
management, as well as safety consultancy.

He will be responsible for handling the development and maintenance of health, safety and environmental systems.

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MAXPOWER hires new Tender and Innovations Director http://navigatenergy.com/maxpower-hires-new-tender-and-innovations-director/ http://navigatenergy.com/maxpower-hires-new-tender-and-innovations-director/#comments Mon, 18 Mar 2013 03:31:05 +0000 http://navigatenergy.com/wordpress/?p=671 MAXPOWER is proud to welcome aboard Mr. Nasser Iskandar.

Prior to joining MAXPOWER, Mr. Iskandar was employed with PLN for many years.]]> MAXPOWER is proud to welcome aboard Mr. Nasser Iskandar.

Prior to joining MAXPOWER, Mr. Iskandar was employed with PLN for many years. His key
responsibility will be to support the Business Development team of MAXPOWER (Tenders) and to develop new projects based on innovative technologies and energy solutions.

One of the key areas to focus will be the development of CNG and LNG integrated
solutions for remote areas to replace diesel fired power; which will enable PLN to further realize a reduction in its cost of production.
Information on

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MAXPOWER makes its Middle Eastern Move http://navigatenergy.com/maxpower-makes-its-middle-eastern-move/ http://navigatenergy.com/maxpower-makes-its-middle-eastern-move/#comments Mon, 18 Feb 2013 03:28:40 +0000 http://navigatenergy.com/wordpress/?p=665 MAXPOWER (rental) is providing diesel rental generators to the Middle East market. The Middle Eastern market has been experiencing a shortage in power due to a rapid
increase in construction activities.

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MAXPOWER (rental) is providing diesel rental generators to the Middle East market. The Middle Eastern market has been experiencing a shortage in power due to a rapid
increase in construction activities.

Within the first few months after establishment of this new rental business unit, 22 diesel gensets have already been rented out to various companies in the Middle East. The first units were installed and operational as of February 2013.

MAXPOWER (rental) management expects to see an increase in rental solutions in this territory.

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