- Region: Asia
- Equity Participations
December 7, 2011
- The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)*1 signed on December 6 an agreement for equity participation in South Asia Clean Energy Fund, L.P. that will invest principally in clean energy and environmental sectors in South Asia. The Fund will be managed by a subsidiary of Global Environment Fund (GEF).*2 JBIC will contribute 20 million US dollars to the Fund.
- The Fund is a private equity fund investing principally in established applied technology companies which provide products and/or services in the energy and environmental sectors in South Asia. This is the first equity investment made by JBIC in its GREEN operation.*3 By supporting these projects through the Fund, it is expected to help reduce greenhouse gas (GHG) emissions and preserve the global environment.
- JBIC is committed to helping preserve the global environment by utilizing a variety of financial tools in order to contribute to the sound development of the Japanese and international economies.
- *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
- *2 Established in 1990, Global Environment Fund (GEF) invests in businesses around the world that provide cost-effective solutions to environmental and energy challenges. The firm manages private equity dedicated to clean technology and emerging markets, with approximately 1 billion US dollars in aggregate capital under management.
- *3 See Information on April 27th, 2010