STEAG GmbH, Essen\/Germany, and Australian financial services provider Macquarie are strengthening their activities in Southeast Asia. To this end, the two partners established a joint development and investment platform in November 2016 to develop, implement and operate energy projects in Southeast Asia \u2013 focusing primarily on Indonesia, the Philippines, Malaysia and Thailand. Clive Turton, the director previously responsible for the Asia-Pacific region at APR Energy, was appointed CEO of the platform.<\/p>\n
The mutual undertaking, which operates as Asia Power Development Platform Joint Venture Pte. Ltd. (APDP-JV), will handle the entire value added chain of project development and implementation in a way that minimizes risk for external investors, i.e. from development, through financing and construction, all the way up to operation of power station projects. In terms of technologies, the focus is on gas, coal, wind, solar, water and thermal waste treatment in the mid-capacity segment (50 to 300\u00a0MW). Approximately 500 m US$ of equity is to be invested. Many meetings are currently being held with prominent financing partners to secure the capital.<\/p>\n
\u201cThere are many emerging countries in the Southeast Asia region, i.\u2009e. countries that have a growing need for an energy infrastructure and reliable energy supply,\u201d explained Joachim Rumstadt, Chairman of the Executive Board at STEAG GmbH. \u201cSTEAG knows all about power station projects in emerging nations of this kind. Establishing a common platform for power station projects with a partner like Macquarie, with proven expertise in organizing investment capital, is therefore a great way for us to secure successful projects in the region. Everyone involved \u2013 whether developers, electricity consumers, investors or governments \u2013 will benefit from the pooling of skills and knowledge.\u201d<\/p>\n
Turton commented that it was a pleasure to establish this new player in the Southeast Asian energy market with STEAG and Macquarie Capital. The first few steps have already been taken and it is becoming increasingly clear that there are excellent opportunities for expanding the business in Southeast Asia.<\/p>\n
STEAG has been a majority investor in coal-fired power plants in Columbia (1999), Turkey (2003) and the Philippines (2006) for many years. With its expertise, the company stands for reliable energy generation in the international arena. STEAG has already been working with Macquarie for many years on various projects. (STEAG, Si.)<\/p>\n","protected":false},"excerpt":{"rendered":"
STEAG GmbH, Essen\/Germany, and Australian financial services provider Macquarie are strengthening their activities in Southeast Asia. To this end, the two partners established a joint development and investment platform in …<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[460],"tags":[463,174],"class_list":["post-4797","post","type-post","status-publish","format-standard","hentry","category-news-in-brief-issue_01_2017","tag-macquarie","tag-steag-gmbh"],"yoast_head":"\n