19 August 2016
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Insights InfraCo Asia
Insights from Q2 ~ 1 April to 30 June 2016
Dear ,
Welcome to Insights InfraCo Asia Q2-2016.
In this quarterly e-news we share highlights from Q2-2016 and the impact of our unique business model, as well as updates from the InfraCo Asia team. Read on to learn more about how InfraCo Asia sets the bar for sustainable infrastructure development across South Asia and South East Asia.
If you would like to find out more about collaboration and partnership opportunities with InfraCo Asia, please get in touch: info@infracoasia.com
INFRACO ASIA LATEST HIGHLIGHTS
Risk and compliance workshops with developer teams
The serious business of compliance and risk management was made lively and engaging as InfraCo Asia’s three developer services program teams came together to participate in a collaborative workshop.
InfraCo Asia’s South Asia team, Equicap Asia; South East Asia team, Infunde Development and Myanmar team, Infra Capital Myanmar assembled in Singapore on Thursday 11 August.
A full day session covered the pitfalls inherent in the project landscape of emerging Asia, and requisite precautions.
A specialist third party service provider delivered an anti-bribery and corruption session, while InfraCo Asia personnel covered the use of a risk register.
Alice Chapple of the Private Infrastructure Development Group took developers through a session on results monitoring and impact assessment.
Theory of Change Workshop
InfraCo Asia was also the latest facility of the Private Infrastructure Development Group to experience a Theory of Change workshop with Alice Chapple. The 10 August session was designed to ensure maximum alignment between InfraCo Asia’s vision and output. InfraCo Asia’s role mitigating early stage risk and paving the way for private sector investment along with sustainable development for positive social and economic impact are essential priorities. Taking the time to step back and evaluate impact brought refreshing perspective to the InfraCo Asia team.
PIDG Annual Report Unpacks 2015
The Private Infrastructure Development Group’s 2015 Annual Report was published in July. The report provides meaningful insights into InfraCo Asia’s impact as well as that of PIDG’s other facility companies.
THE PIPELINE
To view the full InfraCo Asia project portfolio, visit the website.
Progress is being made on final approvals and regulatory clearances to meet conditions for debt drawdown on InfraCo Asia’s Kabeli A Hydropower Project in Nepal. The project company has started recruiting for key management positions in preparation for the implementation phase. In the Philippines, development work is already underway on InfraCo’s portfolio of six mini run-of-river hydropower projects.
As marked in our 17 June ‘Special Update’ e-news edition, InfraCo Asia’s Coc San Hydro Power Project was launched in Q2 in northern Vietnam’s Lao Cai province.
Wind power projects in Pakistan sustained minor delays due to grid connection issues, and commercial operation is now expected before the year-end. InfraCo Asia’s Myanmar developer team continues to make good progress on a diverse project pipeline. An MOU with a local partner to develop a rice processing project was signed in Q2.
Impact-metre
As at the end of Q2 2016, InfraCo Asia’s portfolio of projects, comprising those under development, construction and in operation, will create access to new or improved infrastructure for an estimated 1.87 million people in South and South East Asia.
FROM THE CEO'S DESK
Thank you for reading the latest edition of Insights InfraCo Asia. It has been another busy and productive quarter.
Last week’s Compliance, Risk and Results Monitoring Training was the first opportunity we have had to bring our developer teams all together at InfraCo Asia’s Singapore headquarters. Our Myanmar, South Asia and South East Asia teams all deal in challenging environments, and have decades of collective experience in navigating the challenges of early stage infrastructure project development. It is crucial that even the most experienced teams review compliance requirements and refresh the processes they have in place to mitigate risk. Beyond this, the day enabled a fantastic peer-to-peer knowledge exchange and enthusiastic discussion of regional challenges and opportunities.
Don’t forget to find us on Twitter @AllardMNooy and @InfraCoAsia.
As InfraCo Asia’s project pipeline continues to grow, so does our team. It is my great pleasure to welcome Ian McAlister on board as our new Director of Projects and Operations. Ian will, on behalf of InfraCo Asia as shareholder in project companies, supervise project managers responsible for construction of new facilities. His role ensures all procurement, design, subcontracting, value engineering, scheduling of construction and commissioning activities are executed on time, within budget and in line with Quality and Environmental Health and Safety (EHS) standards.
TALKING INFRASTRUCTURE
InfraCo Asia in the News
Discover:
Several items about InfraCo Asia were published in Q2. We featured as an Asean Business Story in AustCham Singapore’s Access Asia Magazine.
The April signing of new Developer Teams for projects in South Asia and South East Asia New Developers Start Working for InfraCo Asia was reported by industry media, as was the signing of a Joint Investment and Development Agreement with Alternergy to develop a pipeline of mini hydro projects in North Luzon, Philippines.
Follow press coverage about InfraCo Asia and its projects on our website
Q2 Conferences
At a Singapore British Chamber of Commerce event on 22 June 2016, InfraCo Asia CEO, Allard Nooy joined a panel of leading industry experts, who represented stakeholders from finance/government and developers/operators. The topic ‘Overcoming Asia's Electricity Crisis’ examined the constraints affecting investment in Asia’s power sector.
Allard also spoke at Nepal's inaugural Nepal Power Investment Summit 2016 held over 31 May – 3 June. He discussed Nepal's hydro potential as well as regulatory challenges. Allard addressed attendees and spoke as a panelist on 19 May at Power and Electricity World 2016 in the Philippines. A series of videos featuring Allard’s interviews and presentations are available here. He was also a keynote speaker and panel chair at the 19th Annual Power and Electricity World Asia 2016 forum in Jakarta from 13 – 14 April.
OUR PEOPLE
Vivek Gupta: doing the ground work
Vivek Gupta, co-founder of Equicap Asia, which is delivering InfraCo Asia’s South Asia Developer Services Program, has built a career in infrastructure literally from the ground up. With an eye for detail, and an obsession for thorough process, Vivek shares his views on what makes complex projects succeed.
Read our latest feature story here.
L-R: Equicap co-founders Shakti Dhar Suman & Vivek Gupta mark the South Asia Developer Services Agreement signing with InfraCo Asia Director and Procurement Committee Chair, Clive Turton and CEO, Allard Nooy
Originally from Australia, Ian has over 35 years’ experience across design, construction & operation of infrastructure schemes in Asia
Welcome new Director of Projects and Operations
InfraCo Asia is pleased to welcome Ian McAlister to the InfraCo Asia team as Director of Projects and Operations. He is a chartered engineer who has been involved in the design, management and delivery of numerous complex power projects for consulting firms and ownership companies, including private sector funded projects such as the 1,070MW Nam Theun 2 Hydroelectric Project in Laos. Ian brings a wealth of experience and solid track record of high standards for project implementation, operations and getting the best out of Engineering Procurement and Construction contractors.
WHAT'S ON
Philippines Energy and Infrastructure Finance Forum
On 7 September 2016 in Manila, both InfraCo Asia's Chair and CEO will take part in the IJ Global, Euromoney 2016 Philippines Energy and Infrastructure Finance Forum. CEO Allard Nooy will moderate an afternoon panel: 'Exploring what developers and investors are looking for when bidding for infrastructure projects'. Chair John Walker will speak about 'Understanding what's required to meet the Philippines' PPP programme'.
TFX Asia 2016 Export Agency and Project Finance Conference
From 12 - 13 October 2016 the TXF Asia 2016 Export, Agency and Project Finance Conference will take place in Hong Kong. Allard Nooy will speak on Day One at the 'Connecting the Region: Infrastructure Financing' session.
Thomson Reuters PFI Financing Energy Projects in Asia Conference
On 19 October 2016 at the Fairmount Hotel, Singapore, Allard Nooy will speak at the Thomson Reuters 2016 PFI Financing Energy Projects in Asia Conference. Allard will be speaking as part of a panel discussion around Vietnam IPP projects.
PV Asia Financial Summit
On 26 October 2016 Allard Nooy will take part as a panel speaker in the PV Asia Financial Summit under the Asia Clean Energy Summit (ACES) which is taking place during the Singapore International Energy Week 2016 (SIEW). ACES will be held from 25 - 27 October at the Sands Expo and Convention Centre at Marina Bay Sands in Singapore.
OPPORTUNITIES
InfraCo Asia’s key expertise is in the early stage development of infrastructure projects. We are interested in projects located in South East Asia, Myanmar and South Asia that may be ideal candidates for InfraCo Asia’s co-development program. We welcome enquiries - info@infracoasia.com +65 6823 6860
About InfraCo Asia
InfraCo Asia www.infracoasia.com is a commercially managed infrastructure development and investment company headquartered in Singapore. It aims to stimulate greater private sector investment in infrastructure in Bangladesh, Bhutan, Cambodia, India, Indonesia, Laos, Myanmar, Nepal, Pakistan, Sri Lanka, the Philippines and Vietnam. InfraCo Asia develops and funds early stage, high-risk infrastructure development activities, taking an equity stake in socially responsible, commercially sustainable projects
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InfraCo Asia Development Pte. Ltd.
Level 18 Republic Plaza II
9 Raffles Place, Singapore 048619
T: + 65 6823 6860 E: info@infracoasia.com
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