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According to the Bank’s website, the proposed investment is for a commitment of up to US$100 million, along with a proposed co-investment envelope of US$100 million, in the Actis Energy 6 Fund (the “Fund” or “AE6”), a US$6 billion (target) fund primarily investing in power generation, electricity transmission and distribution, and other energy-related and/or distribution businesses.
The proposed project entails an IFC equity investment in Actis Energy 6 (“AE6”), an energy infrastructure fund established by Actis. AE6 will invest in energy platforms in growth markets, primarily targeting three sectors: (i) power generation; (ii) electricity transmission and distribution; and (iii) other energy-related and/or distribution businesses. AE6 investments may include companies or sub-projects exposed to significant E&S risks associated with both impacts during sub-projects’ construction and operation phases. Thus, the project has been categorized as FI-1 according to IFC's Policy on Environmental and Social Sustainability.
IFC’s proposed equity investment in the Fund is up to US$100 million, along with a proposed co-investment envelope of US$100 million.
The Fund will be managed by Actis EU Management Sarl. Actis is a leading private equity investor in growth markets.
Actis LLP
Lucy Heintz
Managing Director
www.act.is
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org