Regional: REG: EQUITY INVESTMENT IN MEKONG BRAHMAPUTRA CLEAN DEVELOPMENT FUND

Nonsovereign (Private) Project | 43924-014 Status: Active

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 Details

Project Officer
Pacifico, Catherine C. Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Energy
 
Project Name REG: EQUITY INVESTMENT IN MEKONG BRAHMAPUTRA CLEAN DEVELOPMENT FUND
Project Number 43924-014
Borrower/Company MEKONG BRAHMAPUTRA CLEAN DEVT. FUND
Country Regional
Location Greater Mekong and Brahmaputra sub-region
Approval Number 7304
Type of ADB Assistance / Amount
7304 Equity USD 10.15 million Committed
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.
Project Sponsor(s)
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.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples B
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.
Involuntary Resettlement
Indigenous Peoples
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

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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Mekong Brahmaputra Clean Development Fund Reports and Recommendations of the President Nov 2009

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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