Mekong Brahmaputra (the Fund) was launched in December 2010. The Fund invests in the clean energy and environment sectors in selected ADB developing member countries (DMCs) in the Greater Mekong Subregion (GMS) and South Asia, mainly in companies or entities engaged in renewable energy, energy efficiency, and water conservation and waste recycling projects.
|Project Name||REG: EQUITY INVESTMENT IN MEKONG BRAHMAPUTRA CLEAN DEVELOPMENT FUND|
|Borrower/Company||MEKONG BRAHMAPUTRA CLEAN DEVT. FUND
|Location||Greater Mekong and Brahmaputra sub-region|
|Type of ADB Assistance / Amount||
|Strategic Agendas||Environmentally sustainable growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Energy - Energy efficiency and conservation - Renewable energy generation - biomass and waste - Renewable energy generation - small hydro - Renewable energy generation - solar - Renewable energy generation - wind
|Gender Equity and Mainstreaming|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Portfolio Management Division, PSOD|
|Responsible ADB Officer||Pacifico, Catherine C.|
|Description||Mekong Brahmaputra (the Fund) was launched in December 2010. The Fund invests in the clean energy and environment sectors in selected ADB developing member countries (DMCs) in the Greater Mekong Subregion (GMS) and South Asia, mainly in companies or entities engaged in renewable energy, energy efficiency, and water conservation and waste recycling projects.|
|Objectives and Scope||The Fund has an objective of making investments that meet the 'triple bottom line' principles of 'people, planet, and profit,' values that would require for each investment to have a positive impact on the environment and make contributions to sustainable development. The embedding of environmental sustainability in its business model will drive the Fund Manager to comply with the requirement that each investment should: (i) meet or exceed domestic environmental and social regulation requirements; (ii) demonstrate a significant contribution to reductions in greenhouse gas emissions, ozone depleting substances, and other pollutants; and (iii) comply with the environmental and social guidelines of ADB.|
|Linkage to Country/Regional Strategy||This investment is broadly aligned with ADB's country strategies for the various countries targeted by the Fund. This is also consistent with ADB's new Energy Policy which encourages private sector participation (and public-private partnership) to improve energy sector efficiency through competition and an increase in investible resources in DMCs.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||The Fund has established and implemented an appropriate environmental and social management system (ESMS) for its investee companies to meet national laws and ADB's requirements in the countries in which these companies are located.|
|Stakeholder Communication, Participation, and Consultation|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||28 Jul 2009|
|Due Diligence||31 Jul 2009|
|Credit Committee Meeting||16 Nov 2009|
|Approval||16 Dec 2009|
|PDS Creation Date||04 Jan 2010|
|Last PDS Update||29 Sep 2014|
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