Social Infrastructure

AIIB CFO calls for private capital to back Asia’s sustainable infra

The AIIB has allocated 10% of its assets to equity investments.

In 2022, it raised $65m in financing from Norwest Venture Partners, Maj Invest, and Faering Capital.

The loan will be used to support the refinancing of VH6, a 50 MW solar power plant.

Asian Venture Philanthropy Network’s Septiani said most investors do not have direct access to project implementers.

Singapore-based Tanas Capital is part of the investor consortium.

IFC, Evolvence India, HDFC AMC’s Fund of Funds, and several family offices participated in the round.

Avaana Climate and Sustainability Fund is eyeing a corpus of $120 million.

“The reasonable timeline means asset managers are unlikely to view this as a regulatory burden.”

Singapore will invest SG$1 billion over the next five years to strengthen talent and industry development in AI.

Smaller towns and cities are consequently seeing a rise in employment and disposable incomes.