Mekong Brahmaputra Clean Development Fund (MBCDF)


BIO has committed USD 5 million to the first Asian regional fund dedicated to investing in renewable energy, water and waste management in South East Asia. The fund is managed by Dragon Capital, a well-known asset manager in the region. With this second investment in renewable energy/clean development in Asia, BIO confirms its pledge to provide support to developing and emerging countries in their fight against climate change.

The Mekong Brahmaputra Clean Development Fund is the first sustainable investment fund to be launched in Vietnam. It emphasizes both the importance of energy self-sufficiency and also environmental welfare, both critical issues in driving responsible economic development in Vietnam and the Asian region. The Mekong Brahmaputra Clean Development Fund will make investments of an average of USD 5 million in renewable energy, energy efficiency, water conservation and waste recycling in countries including Vietnam, Laos, Cambodia, Thailand, Nepal, Sri Lanka, Bhutan and Bangladesh.

BIO has joined other experienced emerging market institutional investors, such as FMO, the Asian Development Bank and Finnfund, committing to MBCDF’s first closing of USD 45 million. The Fund can grow to a maximum of USD 100 million in a scheduled second fundraising phase in 2011. Together with its partners, BIO will play a catalytic role in attracting long-term investment to countries where private equity is not existing or emerging and in demonstrating the viability of clean energy investments in the region.

The Clean Development Fund will be managed by Dragon Capital, an experienced investment group capable of bringing both capital and a deep technological and regional expertise.

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