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RATCH Completes Acquisition of Nexif Energy's Project to Expand Portfolio into 4 Countries
RATCH Group Public Company Limited (SET: RATCH) announced on December 21, 2022 that the signing of Share Sale Agreement to acquire Nexif Energy Joint Venture by RH International (Singapore) Corporation Pte. Ltd. (RHIS), indirect subsidiary on August 17, 2022, to continue cooperation for completion of development of a strong pipeline of the projects in the above acquisition and seeking new projects in Southeast Asia and Australia.
The company has successfully acquired such shares on December 20, 2022, as a result became the shareholder of Nexif Energy's project portfolio and has formed Nexif RatchEnergy InvestmentsPte. Ltd., a joint venture company with Nexif Energy, with a total value of USD 605 million.
Nexif Energy's project portfolio includes renewable energy power plants, combined cycle power plants and battery energy storage systems in Thailand, the Commonwealth of Australia, the Socialist Republic of Vietnam and the Republic of the Philippines consisting of the total of 24 operating and under-development projects namely 12 onshore and offshore wind projects, 3 hydropower projects, 3 solar power projects, 2 combined cycle power projects and 4 battery energy storage projects.
Tags: RATCH
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