|By Marketwired .||
|May 14, 2014 11:06 PM EDT||
SINGAPORE and JAKARTA, INDONESIA -- (Marketwired) -- 05/14/14 -- Navigat Group ("Navigat" or "the Group"), the South East Asian gas-to-power specialist, today announces the promotions of Arno Hendriks to Chief Executive Officer ("CEO") and of Willi Goldschmidt to Executive Chairman, a newly created role. These appointments take effect immediately, broadening the board of directors. Arno and Willi will lead the Group into the next phase in its development. As CEO, Arno will head the entire Group, with a focus on building it into a leading distributed power company in the region. Willi, as Executive Chairman, will continue to drive the high-level development of Navigat and ensure its businesses in Indonesia achieve their long-term potential.
With effect from 15 May 2014, the Group will also change its name to MAXpower Group Pte Ltd. ("MAXpower Group") to better reflect its future potential as an increasingly important distributed power plant developer in the South East Asian electricity market.
Arno Hendriks is currently Chief Financial Officer of the Group, a role he has held since joining in May 2010. During this time he led transformational financing deals and secured USD104 million equity investment from high profile investors, including Standard Chartered Bank ('SCB')* and seasoned Indonesian investors**. He raised USD270 million in debt finance in 2013, from co-lead arrangers SCB and OCBC. In addition to financing the Group's expansion and leading a 45 strong accounting and analyst team, Arno has also played a key role in the international development of the Group into Myanmar and Thailand and the build-out of MAXpower's distributed power business across the region.
Willi Goldschmidt, co-founder and CEO of the Group and subsidiaries MAXpower and Navigat Energy since their formation, will become Executive Chairman. Under his leadership, Navigat Energy installed its first GE Jenbacher ('GEJ') engine in Indonesia in 2004 and rapidly grew to become the leading distributor of GEJ engines in the region. In 2012 Navigat Energy was named GEJ's largest customer worldwide. MAXpower was launched in 2009 as a developer, owner and operator of gas-fired power plants in South East Asia, enabling the Group to build on its existing relationship with GEJ while dramatically increasing revenues and profit margins. To date, MAXpower has delivered 335MW of clean, scalable and affordable gas-fired power to some of the most remote and undersupplied parts of Indonesia and Myanmar. Led by Willi, the Group's revenue grew to c.US$ 200 million in 2013, demonstrating its fast ascension in the South East Asia distributed power industry.
Arno Hendriks said: "As CEO, my plan is to set the bar even higher and to grow MAXpower Group into the leading gas-fired distributed power provider in South East Asia. My objective is to deliver 1,000MW of clean, scalable and affordable gas-fired power to our core markets of Indonesia and Myanmar by 2016, to seek new markets for expansion, and to develop large gas fired projects in the region.
"I have every confidence that we will achieve our ambitious targets thanks to the strong support of our financing partners, General Electric, our customers and our exceptionally skilled and hardworking staff which will grow from 650 today to 1,000 by 2015.
"The success of our business model and approach has been clearly proven. We build scalable power solutions for undersupplied areas in record times. By bringing electricity to the most remote communities of South East Asia MAXpower Group also makes a considerable contribution to the region's economic and social development. Now all our efforts are focused on expanding our reach and scale."
Willi Goldschmidt commented: "I am extremely proud of what we have achieved over the past ten years, having begun as an engine distributor and evolved into an international integrated power company that services multiple markets across South East Asia.
"I am passionate about this business, and about the impact it has made on some of the most remote communities of Indonesia where we have supported PLN's efforts to bring the electrification rate to national levels."
Commenting on Arno's promotion to CEO, he added: "It is in full confidence that I cede the CEO role to Arno. He has been an exceptionally dynamic and result-focused executive over the past three years, and he is the right man to lead the Group into its next development phase."
*USD25 million investment from Standard Chartered Private Equity in December 2013, and USD58 million investment from Standard Chartered IL&FS Asia Infrastructure Growth Fund ("SCI Asia") in January 2012
** Mahanusa Capital and Gunung Sewu Group invested US$21 million on 5 May 2014
About Arno Hendriks
Arno Hendriks, CEO, is based in Jakarta, Indonesia. Prior to his appointment as CEO, Arno served as the Group's CFO for 4 years. Before joining the Group in May 2010, Arno served as a Managing partner of Asia Green Capital, a corporate finance company in Singapore. Prior to that, he spent four years as Managing Partner of a renewable energy/carbon company which he founded in 2004 with activities in Europe and South East Asia and four years as a Managing Director of a subsidiary of Petroplus International, a midstream oil and energy company. Arno started his career as an energy consultant and has over 20 years of international energy business experience, of which eight were in South East Asia. Arno holds a MBA degree from the Rotterdam School of management and a Master in Science degree from the University of Technology in Delft, The Netherlands.
About The Navigat Group
The Navigat Group (or the "Company") is SE Asia's leading distributed power plant developer, owner and operator, with 335MW of installed capacity and operations in Indonesia, Myanmar, Singapore and Thailand. It is also the second largest global distributor of General Electric ("GE") Jenbacher power equipment, having sold over 1,000MW of units through its distribution licenses in Indonesia, Singapore and Thailand. Navigat's top holding company is incorporated in Singapore, and the Company is headquartered in Jakarta.
The Group's main focus is the distributed gas to power market in SE Asia, and it typically pursues power projects of 5 - 100MW in size. Through its two major divisions, Navigat Energy (GE Jenbacher gas engine equipment sales and service) and MAXPower (IPP, BOOT and Rental projects), Navigat has the ability to pursue all distributed power opportunities along the value chain from equipment sales, to services, construction management, project development and asset ownership.
For more information: please visit Navigat /MAXPOWER website at www.maxpowergroup.com
Alastair Hetherington/ Marylene Guernier/ Shelly Tong
Tel: +852 3166 9886
Email: Email Contact
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 24, 2017 11:45 PM EDT Reads: 688
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 24, 2017 11:30 PM EDT Reads: 2,135
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 24, 2017 11:15 PM EDT Reads: 2,263
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 24, 2017 11:15 PM EDT Reads: 775
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Apr. 24, 2017 11:00 PM EDT Reads: 778
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 24, 2017 10:45 PM EDT Reads: 701
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 24, 2017 10:45 PM EDT Reads: 1,725
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 24, 2017 10:45 PM EDT Reads: 2,092
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 24, 2017 10:00 PM EDT Reads: 794
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 24, 2017 09:45 PM EDT Reads: 3,615
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Apr. 24, 2017 09:15 PM EDT Reads: 1,648
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...
Apr. 24, 2017 08:15 PM EDT Reads: 433
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 24, 2017 07:45 PM EDT Reads: 2,153
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Apr. 24, 2017 07:30 PM EDT Reads: 2,113
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 24, 2017 07:15 PM EDT Reads: 2,408