IPEx Cleantech Asia (IPEx) has facilitated a partnership between Surbana Jurong Private Limited of Singapore (Surbana) and Ostan Group (Ostan), an Italy-based provider of smart LED lighting solutions, to implement smart LED street lighting projects in Singapore and other countries globally.
Surbana and Ostan signed an MoU today in Singapore under which both the companies agreed to collaborate on projects via consortium and other business models. The MoU was signed at a meeting attended by Dr. Ivan Ostan (President, Ostan Group), Mr. David Lim (VP - Partner Alliance, Surbana Jurong), and Mr. Deepak Wadhwa (Business Development Director, IPEx Cleantech Asia).
Under the MoU, Ostan will be responsible for the technical solution (hardware and software for smart LED street lighting projects), while Surbana’s responsibility will include providing local assistance in execution of the projects as well the subsequent operational and maintenance (O&M) services in partnership with Ostan. The partnership will be valid for one year and may be extended with mutual consent.
Speaking on the occasion, Mr. Wadhwa said, “This is an important milestone both for Surbana and Ostan in their steadily growing business relationship with IPEx playing a key advisor’s role. With their respective strengths, which are complimentary in nature, their partnership will help the market take advantage of cutting edge yet affordable technologies. Ostan’s smart LED lighting solution will complement and form part of Surbana Jurong’s Smart City in a Box solution suite, covering Efficiency, Sustainability, Security and Community.
IPEx has earlier helped Ostan Group secure pilot projects for demonstration of its smart lighting solution in Indonesia and India.
About IPEx Cleantech Asia: Established in 2014 in Singapore, IPEx provides services to accelerate the deployment of commercialised clean technologies in emerging Asian countries. It’s an Asian Development Bank (ADB) supported consortium between ReEx Capital Asia, a Singapore-based clean energy investment bank, and the Clean Technology Centre of DNV GL, a global provider of testing, inspection, and verification services. (IPEx Cleantech Asia)