Armstrong commits $22.5m to Indonesia mini-hydro power
Armstrong Asset Management has agreed to invest $22.5 million in a portfolio of Indonesia-based mini hydro-electric plants being developed by Inti Duta Energi, a subsidiary of Jakarta-listed construction company Nusa Konstruksi Enjiniring (NKE).
The investment comes after the Southeast Asia-focused cleantech investor entered into a partnership with Mandiri Investment Management to identify projects in Indonesia. They started by focusing on the...
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