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Armstrong Asset Investing in Indonesian Mini-Hydropower Plants

Armstrong Asset Management, a private-equity firm based in Singapore, agreed to fund a portfolio of mini-hydropower plants in Indonesia.

Armstrong’s South East Asia Clean Energy Fund will invest $22.5 million in a portfolio of 50 megawatts of hydropower plants, it said today in an e-mailed statement. The facilities are being built by a unit of PT Nusa Konstruksi Enjiniring Tbk.