The World Bank Group has approved financing of up to US$84.6 million for the Kabeli A Hydroelectric Project being jointly developed by Butwal Power Company (BPC) Limited and InfraCo Asia Development Pte. Ltd.
Metro Power Company Limited executed the financing documents for $98.6 million financing for a 50MW wind power project in Sindh Province, north east of Karachi, Pakistan, which has been jointly developed by InfraCo Asia Development and the Iqbal Alimohamed family, a leading Pakistani business family.
Alongside investment of US$ 2.9 million and the potential for significant export income, the project will also create immediate local employment opportunities and introduce modern solar salt production techniques to Cambodia.
The Board of InfraCo Asia Development (IAD) announces that Mr Rodney Sims has resigned as Non-Executive Director and Chairman of IAD with effect on 30 June 2011.
In the presence of His Royal Highness Prince Andrew, The Duke of York, KG, and the British High Commissioner to Singapore, His Excellency Paul Madden, InfraCo Asia was officially launched today at the British High Commissioner’s Residence (Eden Hall).