InfraCo Asia, a company of PIDG, has signed a Joint Investment and Development Agreement (JIDA) for the development of more than 1,300 affordable housing units for lower-income residents of Durgapur, a Tier 2 Indian city in the West Bengal State. This project marks InfraCo Asia’s first investment in affordable housing.
InfraCo Asia has divested its shareholding in the 29.7MW Coc San Hydro Power Project to Tokyo Electric Power Company (TEPCO). Exiting the project on commercial terms supports the success of InfraCo Asia’s unique model and allows funds to be recycled into future infrastructure projects in south and south east Asia’s frontier markets.
Read InfraCo Asia’s development impact results in the Private Infrastructure Development Group’s (PIDG) 2017 Annual Review.
Since it began work in 2010, PIDG company InfraCo Asia has helped over 2.3 million people gain access to new or improved infrastructure. Investing over US$400m it has supported the creation of 541 jobs in south and south-east Asia’s lowest-income countries.
InfraCo Asia’s parent company, The Private Infrastructure Development Group (PIDG), is changing.
A new governance structure will formalise and embed collaborative working between InfraCo Asia and all of PIDG’s companies. Our combined offer allows us to invest at different stages of the development cycle, bringing more projects from concept to reality in the world’s lowest income countries.
Read our joint op-ed to find out more.
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