Financiers agree to Indonesian small hydropower investment strategy

Indonesia Map

Financial groups Mandiri Investment Management and Armstrong Asset Management have entered into a co-investment strategy that will emphasize small hydroelectric power development in Indonesia.

The companies said Indonesia has a "clear need" for more environmentally-friendly power production, so while the deal will help finance other forms of renewable energy, it will focus on hydropower.

Mandiri Investment Management -- a subsidiary of Indonesia's Mandiri Inestasi -- currently manages about US$2 billion in various mutual funds and is part of the country's largest banking group, Bank Mandiri.

"We are looking forward to working together with people who share our passion to provide power to the people in a sustainable manner while preserving the environment for our children to inherit," Mandiri Investasi CEO Pak Muhammad Hanif said.

Meanwhile, Armstrong, a Singapore-based private equity fund that invests in small-scale renewable projects in southeastern Asia, closed a clean energy fund dedicated to emerging markets in November 2013. The fund has $164 million in total commitments.

"Together with Mandiri Investment Management, we can mobilize private capital to catalyze the development of the renewable energy sector in Indonesia," Armstrong co-founder Michael McNeill said. "We can help to make a positive contribution towards meeting the energy needs of the Indonesian economy on a long-term sustainable basis."

For more news from Asia, visit here.

HydroVision International 2014 Keynote Speakers

Presenting the HydroVision International 2014 Keynote Speakers

Check out a slideshow covering the keynote speakers at the HydroVision International 2014 conference and exhibition

Click Here >>

Hydro Industry Financials

Buyers Guide Products

Micro Hydro Power Generating Equipment

TOSHIBA’s Micro Hydro series comprise five stan...

Andritz Compact HydroTurbines

A modular design for the small hydro power rang...

Turbines, Francis

Voith supplies cost-effective Francis units in ...

Most Read Articles

Recent Comments

Buyers Guide Companies

Wiegert & Baehr Maschinenbau GmbH

Offers Pelton and Francis turbines to 5000kW, K...

Sigma Engineering Ltd

Sigma provides services in hydrology and all as...

GUGLER Water Turbines GmbH

Develops and supplies water turbines and small ...

TURAB Turbin & Regulatorservice AB

Manufactures, refurbishes and maintains hydro t...

Schmidt Industries

Manufacturer of valve assemblies, Rotor and She...

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

09/01/2014
Volume 33, Issue 7
cover
07/01/2014
Volume 22, Issue 4
file

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues