Multi-country: SUSI Asia Energy Transition Fund (AIIB-000287)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Specific Location
Region-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 1, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SUSI Partners Asia Pte Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 11, 2020

Disclosed by Bank Jun 1, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the SUSI Asia Energy Transition Fund (“SAETF”) is a private equity fund established to provide institutional investors with the opportunity to take advantage of the energy transition trend in developing Asia and invest in renewable energy, energy efficiency, energy storage and microgrid projects in the region. The target fund size is US$250 million. The first closing date is expected in Q1 2020, whereas the final closing date will be up to 18 months from the first closing date.

The objective is to mobilize private capital investments for the energy sector by investing in renewable energy, energy efficiency, energy storage and microgrid projects in selected AIIB members within developing Asia via a fund.

 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Fund commitment of up to USD50 million and co-investments of up to USD50 million in total

Private Actors
Contact Information

1/ AIIB Contact:

Name: Thomas Walenta

Title: Senior Investment Officer

Email: thomas.walenta@aiib.org

2/ SUSI Partners Asia Pte Ltd Contact:

Name: Wymen Chan

Title: Managing Director

Email: w.chan@susi-partners.com

 

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.