Kiangan

Asia

Region

106.0

Commitment (MNOK)

Active

Status

Kiangan is a 17,5 MW hydropower plant in the Philippines being developed by the Japanese renewable energy company Renova and local partner Alternergy and St Clara International. Norfund has provided mezzanine financing to support the construction of this asset. The plant, once complete, will provide peaking capacity to the Luzon power grid.

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Key information

Sector:
Renewable Energy
Commitment (MNOK):
106.0
Year:
2021
Region:
Asia
Country:
Philippines
Domicile:
Singapore
Instrument:
Loans
Status:
Active
Mandate:
Development

Additionality Kiangan

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in difficult business environments
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance