Publications

Actis launches power-generation business for Asian market
Transactions - JUNE 29, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Actis launches power-generation business for Asian market

by Kali Persall

Actis has launched a power-generation business that will pursue gas-fired power projects in Southeast Asia.

The business, known as Bridgin Power, is targeting a total portfolio capacity of 1.2 gigawatts across the region by 2028. Target geographies include Vietnam, Indonesia, Thailand, Philippines, Malaysia, Bangladesh and Sri Lanka.

Bridgin recently closed its first investment with the acquisition of a 49 percent stake in a 220-megawatt combined-cycle gas-turbine power plant in Bangladesh. The seller was India’s Shapoorji Pallonji group, a global, diversified institution with a sector focus on engineering and construction, infrastructure, energy, real estate, water, and financial services.

Actis said the Bhola power plant has a 22-year power-purchase agreement with the Bangladesh Power Development Board and achieved commissioning in June 2021. The project was financed initially by Asian Infrastructure Investment Bank, Islamic Development Bank and IDCOL Bangla

Forgot your username or password?