Denham Capital-backed power company Nexif Energy has formed a 50:50 partnership with RATCH Group to operate a wind power plant in Vietnam while Japanese telecom giant KDDI Corp. has invested in smart city platform provider PT. Qlue Performa Indonesia.
Nexif Energy partners with RATCH Group
Nexif Energy, the Australian and Southeast Asian power company backed by Denham Capital, has formed a 50:50 partnership with RATCH Group for the construction and operation of its Nexif Energy Ben Tre wind power generation project (NEBT) in Vietnam.
This is the second project Nexif Energy is undertaking with RATCH Group after forging a partnership last year on the Rayong Co-Generation project in Thailand.
“Ben Tre Wind project is our third investment in Vietnam. We are developing several other opportunities in Vietnam and other countries of Southeast Asia to be among the leading renewable energy solution providers in the region,” said Nexif Energy founder and co-CEO Matthew Bartley.
In 2015, Denham Capital and Nexif announced a partnership to develop, finance, construct and opportunistically acquire conventional and renewable power generation assets across Southeast Asia.
Japan’s KDDI Corp invests in Indonesia’s Qlue
Japanese telecom giant KDDI Corp. has invested in smart city platform provider PT. Qlue Performa Indonesia, JakartaPost reported.
The transaction value was not disclosed.
A graduate of the Google Launchpad Accelerator programme, Qlue provides an app for citizens to report and share civic issues in their neighbourhood to city authorities and enterprises. It also allows users to access real-time information on traffic and public transport.
In 2019, Qlue raised an undisclosed amount of funding from MDI Ventures, the VC arm of state-owned telco firm Telkom Indonesia.
The investment was made through KDDI Open Innovation Fund No. 3, which was established in April 2018 with Global Brain. The fund invests in sectors including AI, IoT, data marketing, fintech, and B2B SaaS.