IPP
, Thailand
112 view s
Logo from RATCH Group.

RATCH Group completes $590.67m investment in Indonesia’s Paiton Energy

The company acquires 36.26% shares in the Indonesian firm.

RATCH Group completed its investment in the Paiton Energy Thermal Power Plant in Indonesia, following the payment of $590.67m.

The company purchased shares to invest 36.26% in PT Paiton Energy and Minejesa Capital B.V., Paiton Energy Thermal Power Plant Business.

ALSO READ: RATCH Group names new CEO

“This is in line with the Company’s investment and partnership strategies by providing the opportunities to jointly invest in power and related businesses for the Company’s Group in the future,” RATCH said in a statement.

RATCH also aims to invest 65% in the power plant operation and maintenance business of IPM Asia Pte.

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!