“The cooperation on blended finance, which explores potential uses of concessionary financing, will further improve bankability, support development outcomes and help mobilise private investment for the projects,” says Keppel.
Keppel, Asian Development Bank (ADB) and Enterprise Singapore (EnterpriseSG) have signed a memorandum of understanding (MOU) to jointly explore US$800 million ($1.046 billion) worth of energy transition, environmental sustainability and blended finance opportunities in Asia and the Pacific region.
According to an Aug 20 announcement, these energy and environmental projects are expected to contribute towards building the pipeline of “high-quality, proprietary infrastructure assets” for Keppel’s private funds and listed business trust.
