Infrastructure

IFC to support Indian hydro with AD Hydro Power

The World Bank’s private investment arm, International Finance Corporation (IFC) has announced it will extend $15 million of equity and $67 million of debt to AD Hydro Power Ltd., a 192-MW project in Himachal Pradesh under joint development by Bhilwara...

Temasek in talks with GMR for India power

After selling off its stakes in Singaporean power companies, Singapore SWF Temasek Holdings is reported to be in late stage talks with India's GMR Infrastructure to invest some $150 million in its power unit, GMR Energy.

Tiger Airways flies in strong IPO

Singapore-based budget carrier Tiger Airways had a successful IPO on the Singapore Stock Exchange, raising around S$247.7 million ($178 million) by listing some 30% of its shares, to fund its expansion plans, and to reimburse investors Indigo Partners,...

No foreign money needed, says JAL

Neither the consortium of TPG Capital and American Airlines, nor rival Delta Airlines, seem to be immediately likely to pick up stakes in Airlines (JAL), the largest airline company in Asia, following the latest development initiated by the Enterprise...

Future Fund may join CPP IB, OTPP on Transurban

Australian SWF the Future Fund has announced that it is in discussions with North American institutional investors Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan over potentially joining their bid for local toll road operator...

Temasek may invest GMR

Singaporean SWF Temasek Holdings may invest up to $150 million into the power unit of Bangalore-based conglomerate GMR Infrastructure, which has reportedly also been in talks with the Carlyle Group and IDFC Private Equity.

Cordiant to manage new Infrastructure Crisis Debt Pool

Montreal-based emerging markets specialist Cordiant Capital Inc, has been selected from a competitive pool of financial institutions worldwide to manage the new Infrastructure Crisis Facility Debt Pool created at the World Bank Group AGM in October.

Berkeley raises $74.3 million for renewables

Specialist energy Berkeley Energy has had a first close of their Renewable Energy Asia Fund at €50.7 million ($74.3 million), which plans to invest in renewable energy projects in India and other markets across developing Asia.

Temasek’s Mapletree forms logistics fund with Itochu

Mapletree Investments, the real estate arm of Singapore government SWF Temasek Holdings, will form a ￥50 billion ($562 million) joint fund with Japanese conglomerate Itochu Corp, to build five to ten large logistics centers in Japan by 2014.