Bintan Island

NewX Energy In Joint Venture With PTBPP Group For Technology Infrastructure Projects Worth US$2.6 Billion

Retrieved on: 
Thursday, January 16, 2020
Ford Motor Company, Bintan Island, Geography of Indonesia, Transport, Automotive industry

Ltd. (NewX Energy) and Bintan Power Plant Group(PTBPP) have signed a joint venture agreement whereby NewX will exclusively provide technology infrastructure and related services for projects worth US$2.6 billion.

Key Points: 
  • Ltd. (NewX Energy) and Bintan Power Plant Group(PTBPP) have signed a joint venture agreement whereby NewX will exclusively provide technology infrastructure and related services for projects worth US$2.6 billion.
  • Through an online platform developed by NewX, customers can connect directly with power producers and purchase electricity at highly competitive rates.
  • This joint venture is in line with PTBPP Group's strategy to leverage technological innovation to broaden affordable energy access to consumers, helping drive economic progress.
  • The joint venture will initially involve the distribution of up to 1,320MW of electricity in projects worth a total of US$2.6 billion.

Christien New Leads "NewX Energy" to Tokenize Electricity Plants Into Multi-Service Providers

Retrieved on: 
Monday, July 15, 2019
Economy, Banking, Financial services, Payment systems, E-commerce, Bintan Island, Riau Archipelago, Unbanked, Debit card, Christien

The venture is led by Christien New who is chairman of Bintan Power Plant in Southeast Asia.

Key Points: 
  • The venture is led by Christien New who is chairman of Bintan Power Plant in Southeast Asia.
  • NewX Energy will also introduce credit and debit card, as well as financial services in remote, unbanked regions.
  • "The founding team's vision is to deliver exceptional value and improve user experiences in the energy sector and beyond," says Christien New, founder, chairman and CEO of NewX Energy.
  • Indonesia has one of the lowest electrification ratios in Southeast Asia with one in four residents (25%) having no access to power.

Christien New Leads "NewX Energy" to Tokenize Electricity Plants Into Multi-Service Providers

Retrieved on: 
Monday, July 15, 2019
Economy, Banking, Financial services, Payment systems, E-commerce, Bintan Island, Riau Archipelago, Unbanked, Debit card, Christien

The venture is led by Christien New who is chairman of Bintan Power Plant in Southeast Asia.

Key Points: 
  • The venture is led by Christien New who is chairman of Bintan Power Plant in Southeast Asia.
  • NewX Energy will also introduce credit and debit card, as well as financial services in remote, unbanked regions.
  • "The founding team's vision is to deliver exceptional value and improve user experiences in the energy sector and beyond," says Christien New, founder, chairman and CEO of NewX Energy.
  • Indonesia has one of the lowest electrification ratios in Southeast Asia with one in four residents (25%) having no access to power.