Regional : REG: EQUITY INVESTMENT IN MEKONG BRAHMAPUTRA CLEAN DEVELOPMENT FUND
Mekong Brahmaputra Clean Development Fund (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
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Project Officer
Pacifico, Catherine C.
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Modality
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Sector
- Energy
| Project Name | REG: EQUITY INVESTMENT IN MEKONG BRAHMAPUTRA CLEAN DEVELOPMENT FUND | |||||
| Project Number | 43924-014 | |||||
| Borrower / Company | MEKONG BRAHMAPUTRA CLEAN DEVT. FUND |
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| Country / Economy | Regional |
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| Location | Regional | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth |
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| Drivers of Change | Private sector development |
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| 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 |
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| Gender | ||||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Investment Funds and Special Initiatives Division | |||||
| Responsible ADB Officer | Pacifico, Catherine C. | |||||
| Project Sponsor(s) | ||||||
| Description | Mekong Brahmaputra Clean Development Fund (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 |
| Credit Committee Meeting | 16 Nov 2009 |
| Approval | 16 Dec 2009 |
| PDS Creation Date | 04 Jan 2010 |
| Last PDS Update | 27 Sep 2018 |
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 Access to Information Policy (AIP) 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 |
| Mekong Brahmaputra Clean Development Fund, L.P.: Extended Annual Review Report | Extended Annual Review Reports | Aug 2021 |
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 Access to Information Policy (AIP) 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.
Requests for information may also be directed to the InfoUnit.