Sun, 19 May 2013  20:33:03
Green Cash
06 Jul, 2011 11:21:50
Vietnam-based green investment fund gets US$50mn from OPIC
July 06, 2011 (LBO) - Indochina Capital Corporation will get 50 million dollars from the Overseas Private Investment Corporation (OPIC), a US government body, to bolster its Mekong Renewable Resources Fund.
The fund will invest in renewable resource opportunities in the Lower Mekong region covering Vietnam, Cambodia and Laos, AsiaPulse news agency said.

Later that month, OPIC announced a Global Resources Fund call for proposals, which received 56 applications. MRRF is one of give funds to get a part of 500 million that would be given by OPIC.

Indochina Capital wants to raise another 150 million dollars for the fund. Indochina Capital CEO Peter R Ryder had said waste-to-energy, recycling, solid waste management, sustainable forestry projects, wastewater treatment and clean-water initiatives.

"There is an attractive pipeline of commercially viable investment opportunities in companies engaged in renewable resources-related projects in the region," he was quoted as saying said.

Renewable energy investments may include wind, small hydro, solar, and biomass, while energy efficiency investments entail renovations to existing power plants, agricultural processing and industrial facilities.
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