PE-backed Maxpower sells stake in Myanmar unit to Mitsui
Mitsui & Co. has acquired a 44% stake in the Myanmar business of Maxpower Group, a Southeast Asia –focused gas power plant developer backed by Standard Chartered Private Equity (SCPE).
Maxpower primarily operates in Indonesia but entered the Myanmar market last year, becoming the first international developer to sign a power purchasing agreement with the government. The business is currently...
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