EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Thursday, May 26, 2022
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription
Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

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

by moneycompass
January 16, 2020
in PR Newswire
Share on FacebookShare on WhatsApp

SINGAPORE, Jan. 16, 2020 /PRNewswire/ — NewX Pte. 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.

Christien New, PTBPP Group chairman and the founder of NewX Energy.
Christien New, PTBPP Group chairman and the founder of NewX Energy.

NewX will deploy Internet-of-Things(IoT) systems embedding smart software and sensors across PTBPP‘s grid and power assets, assessing and analyzing energy production and distribution data to drive significant operational savings for consumers.

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.

"In developing Asia alone, 350 million people lack access to electricity. In the first phase of this project, NewX and PTBPP aim to connect 120 million people across Asia to affordable electricity," said Christien New, chairman of PTBPP Group. "NewX’s groundbreaking technology will enable us to maximize operational efficiency and seize new business opportunities, helping accelerate the growth of PTBPP."

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. PTBPP expects a 40% or more increase in net profit as a result of operational efficiency savings and new business opportunities derived from the joint venture.

Pursuant to terms of the agreement, NewX will deploy its technology within the future portfolio of PTBPP‘s power business, including international business ventures.

NewX and PTBPP have identified global opportunities for the joint venture, and are in talks with private utility operators in Europe, China, Brazil, and the Middle East planning to deploy NewX’s technological solutions.

About NewX Energy

Founded in 2018 by Christien New, NewX Energy introduces radical improvements to the way power is sold and transacted – transforming energy supply into a wide range of Internet services such as smart homes, smart metering, and smart finance.

Leveraging on deep technology expertise, NewX Energy uses IoT and Big Data analytics to link energy consumption and production data to address wastage and raise efficiency, substantially lowering costs for consumers.

NewX is managed by a group of industry leaders including Martin Soebijantoro, among Indonesia’s few nuclear power engineering experts.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/newx-energy-in-joint-venture-with-ptbpp-group-for-technology-infrastructure-projects-worth-us2-6-billion-300988106.html

ShareSendShareSendTweetShare
Previous Post

Hello Kitty Land Tokyo celebrates My Melody’s 45th anniversary and kicks off new activities in 2020

Next Post

Which of These 6 Money Personality Types Are You?

Related Posts

News

Annature outperforms forecasts with 500% growth, adds ID Verification to its eSigning platform to accelerate future success

26 May 2022
News

Taiwan’s IoT Service Hub accelerates manufacturers’ speed-to-market for Industry 4.0 innovations

26 May 2022
News

Yidu Tech Chairlady Gong Rujing Attends WEF Annual Meeting 2022: Technological Innovation to Drive Digital Economy Development

26 May 2022

Discussion about this post

MOST POPULAR

  • cyber

    Over 10,000 cyber security incidents reported in Malaysia in 2021 – KPMG

    0 shares
    Share 0 Tweet 0
  • AMAZFIT LAUNCHES THE T-REX 2: A NEW RUGGED OUTDOOR GPS SMARTWATCH BUILT TO BRAVE THE OUTDOORS

    0 shares
    Share 0 Tweet 0
  • Enabling Cloud Connectivity to All MCUs and MPUs, Microchip Launches a Range of Embedded IoT Solutions for Rapid Prototyping

    0 shares
    Share 0 Tweet 0
  • Insilico Medicine Announces Novel 3CL Protease Inhibitor Preclinical Candidate for COVID-19 Treatment

    0 shares
    Share 0 Tweet 0
  • CJ BIO and NatureWorks Working Towards a Master Collaboration Agreement to Commercialize Novel Biopolymer Solutions

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER