Denham, Nexif form SE Asia power investment platform

The partnership will seek opportunities in development, financing, construction and acquisition of both conventional and renewable power assets, according to a release. Nexif plans to build on the experience and relationships in Southeast Asia's energy industry that it has accumulated since 2010 as the manager of InfraCo Asia.

Since its founding, Nexif has been involved with energy projects in Asia, Australia, and the Middle East, with a total power capacity of more than 4 gigawatts and an enterprise value of $4.3 billion.

"Southeast Asia has a tremendous need for new power generation and we look forward to working with governments, our partners and the region's communities to provide electricity solutions that are both economical and reliable," said Nexif founder and co-CEO Surender Singh.

Denham itself has backed many energy projects worldwide, including a 600 megawatt power plant in the Philippines constructed by GNPower.

The firm's move with Nexif appears to follow one of its common strategies of identifying a team or entrepreneur with experience in a particular industry and seeing an investment vehicle that acquires a portfolio of assets. The vehicle is typically taken public or sold once the investments have reached a suitable level of maturity.

Denham followed this model last year with a $200 million investment in Australia's Pembroke Resources, which is attempting to develop a portfolio of coal investments in Australia, New Zealand and Indonesia.

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