37908-014: REG: FEGACE ASIAN SUB-FUND, L.P. ( A sub fund of : FE Global Asia Clean Energy Services Fund, L.P.)

Project Data Sheet (PDS): Overview


Description

FEGACE Asian Sub-Fund, LP (the Fund) was launched on May 2004. The regulatory environment in Asia is evolving to favor energy efficiency and renewable energy, as governments have started to focus on programs for them. Private sector funding must be mobilized to ensure that these types of initiatives are supported and the desired results are achieved. However, local financial institutions are reluctant to enter into these types of transactions. These institutions require some form of risk sharing. FEGACE Asian Sub-Fund, LP (the Fund) offers a solution to this problem. By taking an equity position in such projects, the Fund will provide that risk sharing and thereby catalyze the energy-efficiency and renewable-energy markets in Asia. Read More

Country Regional
Borrower/Equity Investment Name FEGACE ASIA SUB-FUND, LP
Project Number 37908-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7187
Approval Date 02 Dec 2003
Geographical Location India, Thailand, Philippines, PRC, Singapore
Sector / Subsector Classification Finance
/ Investment Funds
Thematic Classification Environmental sustainability
Private sector development
Safeguard Categories Environment: FI

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Anshukant Taneja
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Investment Funds & Special Initiatives Div

PDS Creation Date
01 Sep 2006

Last PDS Update
17 Oct 2013

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