Technical assistance

TAF

InfraCo Asia

Providing early-stage risk capital and equity and mezzanine financing for infrastructure in south and south-east Asia

InfraCo Asia comprises two companies; InfraCo Asia Development – investing early-stage development capital – and InfraCo Asia Investments – offering debt and equity close to financial close

Projects that signed a Joint Development Agreement
or equivalent in 2016

India Keyi run of river hydropower

India Pareng run of river hydropower

Myanmar gas power

Myanmar  rice processing

Myanmar hybrid rice seed centre

Myanmar rural electrification services

Myanmar waste to fish feed

Philippines mini hydropower

 

Projects that became operational in 2016

Pakistan Metro Wind and Gul Ahmed Wind

Vietnam Coc San hydropower

Achievements in 2016

InfraCo Asia Development (IAD) achieved commercial operation for its 29.7MW Coc San hydropower project in northern Vietnam’s Lao Cai Province. Its two 50MW wind power projects in Pakistan’s Sindh Province - Metro Wind and Gul Ahmed Wind - also reached commercial operation.

Other notable highlights

IAD signed a Joint Investment and Development Agreement (JIDA) and a Convertible Loan Agreement with Alternergy Hydro Partners Corporation to develop six mini, run-of-river hydropower projects in the Philippines. It also signed JIDAs with Virtuaal InfraPower to support the development of two run-of-river hydro projects in north-east India. Through its Myanmar Developer Programme, InfraCo Asia signed five Joint Development Agreements, encompassing rural electrification services, a gas power plant, a rice processing facility, a waste-to-fish-feed facility and a hybrid seed project.

2016 saw all three InfraCo Asia Investments (IAI) projects begin commercial operations, namely Coc San Hydro and Metro Wind and Gul Ahmed Wind. Coc San attracted new private sector capital, enabling IAI to recover a portion of its investment. IAI made a conditional commitment to support the Kabeli A hydro project in Nepal with the required equity capital needed at financial close.

InfraCo Asia provided the case study for a ‘Gender Equality in Infrastructure Programmes - Gender Review’ undertaken by PIDG member, the Australian Department of Foreign Affairs and Trade. The review studied the intersection of gender equality and the infrastructure development process.

PIDG central management held a Theory of Change workshop with the InfraCo Asia team, further aligning the company’s vision and impact. InfraCo Asia also hosted a collaborative workshop with its south Asia, south east Asia and Myanmar developer teams, covering compliance, risk management, anti-money laundering and anti-corruption.

2017 and Beyond

InfraCo Asia provides ‘leadership capital’ to manage and fund high-risk infrastructure development activities by taking an equity stake in socially responsible and commercially viable infrastructure. InfraCo Asia’s activities catalyse greater private sector investment in infrastructure and contribute to economic growth, social development and poverty reduction.

In 2017 InfraCo Asia will deploy capital for some of its first projects in the agricultural infrastructure sector, a challenging area known for its scarcity of well-structured opportunities.

With an active pipeline in nine countries in the region, InfraCo Asia will continue to discuss shared challenges and opportunities with its fellow PIDG companies and draw on their support.

Annual Report 2016

DevCo

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Annual Report 2016

Annual Report 2016

Annual Report 2016

Annual Report 2016