Impiro acquires 95% share in Contained Energy

By Romel S. Gurky

Singapore-based full service investment firm, Impiro, has announced that it will acquire a 95 percent stake, through a cash-and-stock transaction, in PT Contained Energy Indonesia, a renewable energy company providing clean energy solutions,with a focus on solar, across Indonesia.

Impiro said in a statement Tuesday that it made an initial investment in November 2014,purchasing a 45 percent stake in Contained Energy. After further examination into the significant opportunities available across the renewable energy sector, Impiro has now provided additional capital and management support for the expansion of Contained Energy in Indonesia with later-stage plans for regional engagement.

Impiro will also appoint a new CEO, Lion Kraaijbeek, who has 30 years experience working in South East Asia. He has worked as aconsultant, led sales teams, been responsible for driving revenue and mostrecently held the position of CEO at publicly-traded The Nomad Offices, wherehe headed up the P&L of the entire serviced office business as well asexpansion in existing and new locations.

Commenting on the current energy situation, Kraaijbeek said, ?Increasing the portion of renewable energy in its nation wide energy productionfrom 25 percent to 41 percent is a stated national goal in Indonesia and we?re perfectly positioned to play a significant part in this. I?m excited to be working with astrong team here at Contained Energy Indonesia, with more than 10 yearse xperience and more than 100 projects under its belt. We intend to rapidlyexpand our operations and increase our market share of the solar panel marketin Indonesia in the coming two years."

Editing by Reiner Simanjuntak