KUALA LUMPUR: CIMB Group Bhd's private equity infrastructure unit CapAsia is investing million for a 12.9% stake in Central Asian Electric Power Corporation (Caepco).
It said on Tuesday, June 7 CapAsia, via its Islamic Infrastructure Fund, had made the investment to fund Caepco's extensive long-term investment programme.
The programme would focus on improving and upgrading existing plants and distribution networks, to enhance energy efficiency, and to reduce harmful emissions.
CapAsia invests in the infrastructure sectors in the emerging economies of Asia outside of China and India.
Since its inception in 2006, CapAsia's assets under management have grown to about US$485 million.
It currently manages the South-east Asian Strategic Assets Fund, Islamic Infrastructure Fund and the Asia Infrastructure Fund.
Caepco's shareholders are the Central Asian Power and Energy Company and the European Bank for ReCONSTRUCTION [] and Development.
It said on Tuesday, June 7 CapAsia, via its Islamic Infrastructure Fund, had made the investment to fund Caepco's extensive long-term investment programme.
The programme would focus on improving and upgrading existing plants and distribution networks, to enhance energy efficiency, and to reduce harmful emissions.
CapAsia invests in the infrastructure sectors in the emerging economies of Asia outside of China and India.
Since its inception in 2006, CapAsia's assets under management have grown to about US$485 million.
It currently manages the South-east Asian Strategic Assets Fund, Islamic Infrastructure Fund and the Asia Infrastructure Fund.
Caepco's shareholders are the Central Asian Power and Energy Company and the European Bank for ReCONSTRUCTION [] and Development.
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