31 October 2016

Insights InfraCo Asia

Insights from Q3 ~ 1 July to 30 September 2016

Dear ,

Welcome to the latest Insights InfraCo Asia which includes:

COD for two Pakistan wind power projects
Report on recent project site visits in Nepal
JDAs signed in Myanmar
Feature: South East Asia Developer Team Infunde Development

In this quarterly e-news we share highlights from Q3-2016 and the impact of our unique business model, as well as updates from the InfraCo Asia team.

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

Pakistan wind projects reach Commercial Operation

Two ground-breaking projects for Pakistan’s growing clean energy sector have successfully reached operation with support from InfraCo Asia. The Metro and Gul Ahmed Wind Power Projects in Pakistan’s Sindh Province reached commercial operation on 16 September 2016 and 17 October 2016 respectively.

Combined, the two 50MW plants generate an additional 155.5GWh per year. Read the full news release here.

On the road in Nepal

From 29 September – 7 October, InfraCo Asia’s CEO Allard Nooy and Director of Projects and Operations, Ian McAlister took to the roads of Nepal to visit project sites and meet with local communities and stakeholders. Read about the highlights of their journey here.

Developer Team runs wind power seminar in Myanmar

Infra Capital Myanmar (ICM) delivers InfraCo Asia’s Myanmar Developer Services Program. On 6 October 2016, ICM organised a workshop entitled “Wind Resource Assessment and Methodology for Wind Power Project Development in Myanmar” in collaboration with the Ministry of Electricity and Energy (MOEE) in Nay Pyi Taw. This seminar was delivered by ICM with the support of the UK’s Department For International Development (UK AID) and funded by the Private Infrastructure Development Group’s Technical Assistance Facility. Read the full story on the ICM website.

THE PIPELINE

To view the full InfraCo Asia project portfolio, visit the website.

Myanmar

Strong progress has been made by Infra Capital Myanmar (ICM) on behalf of InfraCo Asia. ICM recently signed two Joint Development Agreements (JDAs). One for a Waste to Fish Feed facility involving the conversion of organic waste products into fish feed for domestic and export markets. The other is for a Rice Processing facility to generate value-added products, like vermicelli, from broken rice. InfraCo Asia and ICM will issue more details around these agri-infrastructure opportunities as they progress.

India

Under InfraCo Asia’s Co-Development and Investment Program, two JDAs and other definitive agreements for two small hydro power schemes in Arunachal Pradesh, India, have been signed. A press release with more details will follow in the coming days.

Developer Team progress

Since signing Developer Services Agreements in April 2016, InfraCo Asia’s Developer Teams in South Asia, Equicap Asia & South East Asia, Infunde Development, are pursuing promising opportunities that have been approved for shortlisting by InfraCo Asia.

FROM THE CEO'S DESK

Q3 has been a quarter of consolidation in the lead up to several milestones for InfraCo Asia. The recent commercial operation of two wind power projects supported by InfraCo Asia in Pakistan is the culmination of years of diligent work. The final stages before seeing a successful project up and running are no less challenging and absorbing than the rigours of the feasibility stage.

On a recent trip to Nepal, I was reminded of the small seeds from which all sustainable projects grow. I feel both proud and privileged to witness the maturing fruits of our infrastructure development expertise at work in emerging Asia. I trust you enjoyed my colleague Ian McAlister’s account of our rewarding journey through Nepal, which appeared earlier in this newsletter.

Further on in this email, we also welcome Prabaljit Sakar as Director, Business Development, whose valuable expertise will be focused on InfraCo Asia’s Co-Development and Investment programs in South and South-East Asia.

Don’t forget to find us on Twitter @AllardMNooy and @InfraCoAsia.

OUR PEOPLE

Mason Wallick on leading by example in Developing Asia

Singapore-based Mason Wallick is the founder and Managing Director of Infunde Development, delivering InfraCo Asia’s South East Asia Developer Services Program. With approximately 20 years’ experience working on energy and infrastructure projects in Asia alone, Mason is a veteran of the regional energy sector. Read Mason's reflections on the way forward to closing Asia’s growing infrastructure funding ‘gap’.

L-R: Infunde Development's Wolf Bacareza, Eric Miller and Mason Wallick mark the SE Asia Developer Services Agreement with InfraCo Asia Procurement Committee Chair, Clive Turton and CEO, Allard Nooy

Prabaljit's previous roles include working with Fortune 500 global power company AES Corporation, PWC, and more recently at Castlerock Consulting based in Singapore.

Welcome new Director of Business Development

InfraCo Asia is pleased to welcome Prabaljit Sakar to the team. He comes on board as Director, Business Development, where he has primary responsibility for originating, developing, structuring and implementing co-investments under the InfraCo Asia Co-Development and Investment programs in South and South-East Asia. Prabaljit has over 25 years of experience of Power and Infrastructure development activities in Asia.

TALKING INFRASTRUCTURE

InfraCo Asia in the News

News of the commercial operation milestones reached by the InfraCo Asia-supported Metro and Gul Ahmed Wind Power Projects prompted some early coverage in Pakistan. Environment-friendly wind power project starts adding 50MW to national grid appeared in Pakistan's Daily Times on the Metro Wind Power Project’s COD. Gul Ahmed starts 50MW wind power production appeared in Pakistan's The International News.

View news coverage of InfraCo Asia online.

Q3 Conferences

On 7 September 2016 at the Fairmont Makati, Manila, both InfraCo Asia's Chair and CEO took part in the IJ Global, Euromoney 2016 Philippines Energy and Infrastructure Finance Forum. CEO Allard Nooy moderated a panel: 'Exploring what developers and investors are looking for when bidding for infrastructure projects'. Chair John Walker spoke about 'Understanding what's required to meet the Philippines' PPP programme'.

WHAT'S ON

Asian Legal Business South East Asia Project Finance Conference

On Tuesday 8 November, InfraCo Asia's Legal and Compliance Manager, Jeremy Saw, will speak at the ALB SE Asia Project Finance Conference at the Mandarin Orchard, Singapore. At 4pm, Jeremy will present A Legal Perspective on Project Finance in South East Asia.

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 and part of the Private Infrastructure Development Group. 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

All of the information, contents and any attachments transmitted in this communication is intended only for the recipient to which it is addressed and may contain confidential and/or privileged and/or subject to copyright material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, the information, contents or attachments (or any part of the same) by persons or entities other than the intended recipient is prohibited. If you are not the intended recipient or if you have received this communication (or any of the information, materials or contents contained therein or attached thereto) in error, please contact the sender, permanently delete all of the information, contents and materials from any computer into which they have been transmitted and do not disclose any part of the same to any person. Any views or opinions expressed or implied in this email are solely those of the author and do not necessarily represent those ofInfraCo Asia Development Pte. Ltd., InfraCo Asia Investments Pte. Ltd., members of the Private Infrastructure Development Group or any other person (including any members, employees and agents of the same). To the extent permitted by law, InfraCo Asia Development Pte. Ltd., InfraCo Asia Investments Pte. Ltd., members of the Private Infrastructure Development Group or any other person (including any members, employees and agents of the same) do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this communication or for any decision based on it.

InfraCo Asia Development Pte. Ltd.

Level 18 Republic Plaza II
9 Raffles Place, Singapore 048619
T: + 65 6823 6860 E: info@infracoasia.com