Nexif Energy, Ratch form renewables JV

Denham Capital-backed, Singapore-based developer Nexif Energy and Thai power producer Ratch Group plc (BKK:RATCH) last week announced the creation of a renewable energy joint venture focused on Southeast Asia and Australia.

The new business, Nexif Ratch Energy, is registered in Singapore. Ratch and Nexif Energy hold stakes of 49% and 51%, respectively.

Ratch Group chief executive Choosri Kietkajornkul said the joint venture advances the synergy between the partners after Ratch’s recent USD-605-million (EUR 570m) acquisition of Nexif Energy’s asset portfolio. “The company was formed for not only continuing development the pipelined projects in Vietnam, the Philippines and Australia, but also explore new projects and potential businesses in response of low carbon economy,” Kietkajornkul added.

Nexif Ratch Energy starts with an advanced renewables pipeline including hydro, wind, solar and energy storage projects.

(USD 1 = EUR 0.941)

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