27 October 2021
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Insights InfraCo Asia
News & Highlights, October 2021
Dear ,
Welcome to Insights InfraCo Asia October 2021, which includes:
Private sector investment in the Philippines Kiangan run-of-river hydro power project
InfraZamin Pakistan receives AAA rating from the Pakistan Credit Rating Agency (PACRA)
PIDG Climate Strategy: Accelerating an equitable and just transition to net zero
PROJECTS
New private sector investment in the Philippines Kiangan
run-of-river hydro power project
Japan-based renewable energy developer Renova Renewables Asia Pte Ltd and Philippines-based Sta. Clara International Corporation have committed funding to the 17.4MW Kiangan hydropower project in North Luzon, The Philippines.
The project was co-developed by InfraCo Asia and Alternergy Hydro Partners Corporation as part of a portfolio of four projects that are slated to produce 34MW in total.
Through its involvement in the projects, InfraCo Asia has fulfilled its mandate to de-risk infrastructure assets to the point where the private sector is willing to invest in taking the projects to financial close, construction and operation.
Upon completion of construction, the projects in the portfolio are expected to provide new and improved access to clean energy for more than 230,000 people and create long-term
InfraCo Asia CEO, Allard Nooy, and Alternergy Co-Founder & Chairman, Vince Perez
employment opportunities for local communities.
InfraZamin Pakistan awarded ‘AAA’ credit rating by
the Pakistan Credit Rating Agency (PACRA)
InfraZamin Pakistan is a first-of-its-kind credit facility in Pakistan that seeks to provide local currency guarantee solutions for infrastructure financing. It is designed to catalyse private sector capital that would otherwise not participate in lending to infrastructure projects in Pakistan, as well as attract new projects and borrowers to the market.
The company is an initiative by the Private Infrastructure Development Group (PIDG), with InfraCo Asia Investments and Karandaaz as equity investors, while fellow PIDG company, GuarantCo is providing the contingent capital facility.
InfraZamin Pakistan team members led by industry veterans with deep expertise in both local and global markets.
Read the Press Release here and see a sector study produced by PACRA about credit-guarantee institutions in Pakistan.
HIGHLIGHTS
PIDG Climate Strategy:
Accelerating an equitable and just transition to net zero
A new Climate Strategy has been launched by InfraCo Asia's parent company, the Private Infrastructure Development Group (PIDG).
The overall strategic objective of PIDG’s climate change action is to accelerate an equitable and just transition to net zero in the countries that PIDG and its companies operate in.
The strategy details PIDG’s strategic priorities – including the need to mobilise private climate finance, as well as domestic investors, entrepreneurs and stakeholders in emerging markets; strengthening climate change adaptation and resilience through investments; and integrating climate and gender investment lenses to maximise outcomes.
WEF Agenda: The role of patient capital in a sustainable world
A new post in the World Economic Forum’s Agenda blog from InfraCo Asia’s Allard Nooy and InfraCo Africa’s Gilles Vaes shows why targeted investment of public money can catalyse private sector investment for infrastructure projects that can contribute to net zero.
Allard and Gilles describe what can happen when patient capital and development leadership come
together to contribute to efforts to deliver climate-resilient infrastructure.
Supporting urban resilience through the Catalytic Capital Fund
PIDG, together with Meridiam and The Rockefeller Foundation, has successfully closed the Catalytic Capital Fund (CCF) - a key innovative pillar of The Urban Resilience Fund (TURF) initiative.
The CCF is designed to support cities through capacity-building and the mobilisation of private investment into infrastructure projects that support urban resilience.
The projects will be developed in the clean mobility, energy transition and
environment, and social infrastructure sectors.
Singapore Management University spotlights
InfraCo Asia project in case study
A new case study from the Singapore Management University's SMU Centre for Management Practice examines how InfraCo Asia evaluated the decision to finance the Indonesia Rural Wireless Broadband (IRWB) Project.
With the support of a loan from InfraCo Asia and a consortium of lenders, the project aims to expand the fixed wireless broadband network of borrower Net1 Indonesia by installing 1,500 base transceiver stations (BTS) across the country.
The project is targeted to benefit almost 300,000 households in rural Indonesia.
The case study specifically looks at the development impact, additionality, and commercial viability aspects that were taken into account when deciding to move forward with the investment.
Learn more here.
INFRACO ASIA ON STAGE
Singapore Int'l Energy Week: Perspectives on the road to net zero
"Energy transition requires far more than adding renewables to the grid. It includes implementing energy-efficient smart grids as well as country plants to help support the development to retire and replace coal-fired power capacity."
Allard Nooy's thoughts are captured at Singapore International Energy Week 2021, which is taking place from 25-29 October 2021 in Singapore.
Capturing investment in Southeast Asia's digital space
Jasmine Ho explored the current and future trends for direct investment opportunities in the digital technology infrastructure market in Asia, at the Infrastructures Investors Forum: Asia held on 7 Sep 2021.
The Economist: Partnerships
for business innovation
Allard Nooy shared his insights on opportunities for collaboration that have been brought about by Asia's green revolution in an Economist roundtable event. The discussion was part of the Economist Impact: Future of Energy Week event, held from 4-7 Oct. 2021.
About InfraCo Asia
InfraCo Asia is a commercially-managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). By de-risking early-stage infrastructure development projects in South and Southeast Asia, InfraCo Asia catalyses private sector investment and provides better access to quality, sustainable infrastructure to people in low-income countries.
The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation which encourages and mobilises private investment in pioneering infrastructure in the frontier markets of sub-Saharan Africa and south and south-east Asia to promote economic development and combat poverty. PIDG delivers its ambition in line with its values of opportunity, accountability, safety, integrity and impact. Since 2002, PIDG has supported 175 infrastructure projects to financial close and provided an estimated 223 million people with access to new or improved infrastructure. PIDG is funded by six governments (UK, Netherlands, Switzerland, Australia, Sweden, Germany) and the IFC.
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