A high-risk infrastructure project turned to a highly marketable resource

Local news, 24.06.2019

In November 2018, InfraCo Asia divested its stake in the 29.7MW Coc San Hydropower project to TEPCO, the largest electric utility company in Japan. InfraCo Asia is currently funded by three members of PIDG – the Australian Department of Foreign Affairs and Trade (DFAT), the Swiss State Secretariat for Economic Affairs (SECO) and the UK Department for International Development (UKAid).

Over 6 years, InfraCo Asia was able to transform the distressed asset to a highly marketable resource, attracting private sector investment and delivering clean, affordable power to 87,000 people in Lao Cai Province. That demonstrates to the private sector that successful investments can be made in the frontier markets in which it operates. The Coc San project represents the first foreign direct investment in hydropower in the mountainous Northern region of Vietnam.

InfraCo Asia is a subordinate of the Private Infrastructure Development Group (PIDG).

For more information on the project’s results, please visit “PIDG 2018 Annual Review (PDF, 292.5 kB, English)