Actis Launches Power Generation Business 'Bridgin Power'
Bridgin Power is a power generation business which will invest across Southeast Asia in gas-fired power projects, widely recognised as a key catalyst in the transition to a Net Zero future for this region
Actis, a leading global investor in sustainable infrastructure has today announced the launch of Bridgin Power, a power generation business that will pursue gas-fired power projects and focus on delivering an equitable Energy Transition in Southeast Asia where power demand is constantly on the rise. Bridgin Power is targeting a total portfolio capacity of 1.2 GWs across the region by 2028.
Led by a management team based in Singapore with over 100 years’ combined experience in the energy and power sector, Bridgin Power will apply a values-led approach, embedding sustainability in all decision making. Target geographies include Vietnam, Indonesia, Thailand, Philippines, Malaysia, Bangladesh and Sri Lanka.
Dennis Foo, Group Chief Executive Officer, Bridgin Power added: “We’re delighted to have closed our first investment in a country which has strong need for gas power to meet its growing power demands and which provides a stable PPA framework for investors. The acquisition of Bhola asset sets us on our path to create an energy platform of scale, using natural gas as a bridge to a sustainable and low carbon future.”
Shami Nissan, Partner and Head of Sustainability at Actis commented: “Actis is a signatory to the Net Zero Asset Managers Initiative which supports the goal of Net Zero gas emissions by 2050 and we recently announced our own portfolio-wide 2050 Net Zero target. Our investment in Bridgin Power will allow us to utilise our Transition Tool to continue our commitment as a core enabler of the global low carbon economy.”
The Actis Energy Infrastructure team invests on a global scale in buy and build power generation and distribution businesses.