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.
Fund commitment of up to USD50 million and co-investments of up to USD50 million in total
1/ AIIB Contact:
Name: Thomas Walenta
Title: Senior Investment Officer
2/ SUSI Partners Asia Pte Ltd Contact:
Name: Wymen Chan
Title: Managing Director
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
For information on how to make submissions to the PPM, please visit the PPM web page: https://www.aiib.org/en/policies-strategies/operational-policies/policy-on-the-project-affected-mechanism.html