The Cambodia Water Portfolio project, developed in partnership with Khmer Water Supply Holding (KWSH) has achieved financial close. KWSH will utilise the USD $2.3 Million loan provided by InfraCo Asia to extend its water pipeline network and provide 24/7 and first-time access to adequate and safe water to approximately 66,900 people. 

Following InfraCo Asia’s investment, US DFC has committed a $7 million loan to KWSH to bring piped, potable water to an additional 45,000 Cambodian households in rural and semi-rural areas.

Read the Press Release here

The Nepal Rooftop Solar project has made headway on its target of installing 8MW of commercial and industrial rooftop solar plants by 2023.

Simple Energy Private Limited, the project company, commissioned its first 800kW of rooftop solar for Jagadamba Spinning Mills (500kW) and MM Plastics (300kW) in Bhairahwah, Nepal.

The company also celebrated 2000 safe workdays without incident on 22 December 2022 which was achieved through regular training on the PIDG Lifesaving Rules at project sites.

Simple Energy Private Limited (SEPL) and InfraCo Asia staff check the installation at Jagadamba Spinning Mills in Bhairahwah, Nepal

Members of InfraZamin Pakistan, Habib Bank Limited and Multinet at the guarantee signing.

InfraZamin Pakistan signed its first guarantee with Habib Bank Limited (HBL) and Multinet on 18 August 2022.

The guarantee provides partial credit risk cover for HBL’s 7-year loan of PKR 2.1 billion (US$ 10.1 million) for Multinet to expand its fibre optic network to under-served cities and populations of Pakistan.InfraZamin Pakistan is an award-winning PIDG initiative, with InfraCo Asia and Karandaaz Pakistan as equity investors, and fellow PIDG company GuarantCo providing the contingent capital facility.

The project was recognised by IJ Global as the Frontier Market Deal of the Year for 2021. 

Read the press release here

Khmer Cold Chain (KCC), the Cambodia Cold Storage project company, implemented a series of initiatives to raise awareness for issues related to gender equity in the workplace with the support of PIDG TA grant.

Some of these activities include gender-based violence and harassment training (GVBH) for KCC staff, construction partners and wider project stakeholders installation of posters on gender equality at the worksite, and setting up lights at the construction site to improve safety after dark.

Once operational, the project will continue to receive PIDG TA support 

Khmer Cold Chain (KCC) gender equality posters in both Khmer and English

for gender-based initiatives including capacity-building workshops for women, childcare support for women and single fathers, and regular GBVH awareness training in the workplace.

InfraCo Asia speakers participated in and shared their knowledge at a number of events in 2022.

Claudine Lim spoke at the B20 Blended Finance Seminar held in Jakarta in September 2022, at the lead up to the G20 Summit hosted by the Indonesian government. She shared about PIDG and InfraCo Asia to an audience of Indonesian business owners, government agencies and regional participants. 

Karen sharing at FT Live Moral Money Summit Asia in Singapore on the topic "Are alternative assets the next frontier for ESG investments?"

Claudine presenting at B20 in Jakarta, Indonesia

Karen Tsang-Hounsell shared on the topic "Are alternative assets the next frontier for ESG investments?" at FT Live Moral Money Summit Asia in September 2022; and about developing solar projects with solar industry representatives in the Philippines at a workshop by Infrastructure Asia and the Development Bank of Philippines in November 2022.

Cristina Traini participated at the GenderSmart roundtable in June 2022 where she shared how PIDG adopts a gender lens across projects in Asia.