Global energy-focused private equity firm Denham Capital and Singapore-based independent power management company Nexif have partnered to form a new south-east Asia power investment platform.
Supported by $200m financing from Denham Capital, the entity will initially focus on power generation projects in south-east Asia and Bangladesh and significantly expand operations across other regional markets in the future.
The platform will develop, finance, construct and acquire conventional and renewable power generation projects across Asia.
Nexif Energy founder and co-chief executive officer Surender Singh said: "Southeast Asia has a tremendous need for new power generation and we look forward to working with governments, our partners and the region’s communities to provide electricity solutions that are both economical and reliable."
Nexif is an independent power management firm that has developed, financed, constructed or exited more than 4GW of projects, worth around $4.3bn, across Asia, Australia and the Middle East.
Denham Capital managing partner and co-president Scott Mackin said: "Denham Capital is delighted to partner with Surender, Matthew and their proven team with an outstanding track record in power sector.
"They are perfectly suited to build on our previous work in the region, which includes the successful development, construction and ultimate sale of our interest in GNPower’s 600MW Mariveles power generating plant in the Philippines."