Upstream Technical Assistance
PIDG’s reconfigured IFC-PIDG/TAF business supports the other PIDG businesses by providing support to project development and enabling transactions, improving the affordability and/or impact of projects through Viability Gap Funding (VGF), transaction advisory services, and piloting new programmatic initiatives.
Technical Assistance Facility (TAF)
TAF plays a central role in enabling PIDG to initiate multi-company programmes and centrally-driven initiatives that are not specific to a particular company and that align with PIDG strategic objectives.
At a glance
Established 2004 PIDG members currently funding UK aid, DFAT, DGIS, SECO, Sida, World Bank Group (IFC) Cumulative PIDG member funding $79.8m Total commitments as at 31 Dec 2017 $19.5m to 67 completed grants $36.3m to 58 live grants $1.6m to 19 completed grants where the PIDG parent projects were cancelled or permanently stalled 2017 commitments $4.7m to 22 grants
DevCo provides advisory services to governments in the poorer (DAC I and II) countries to help them structure transactions that facilitate private sector participation in infrastructure projects.
At a glance
Established 2003 PIDG members currently funding UK aid, DGIS, Sida, World Bank Group (IFC). DevCo is funded directly, not through the PIDG Trust Cumulative PIDG member funding $91.0m Total commitments as at 31 Dec 2017 $41.0m to 64 projects/mandates, including 30 that have reached financial close, 13 that have reached commercial close, 16 under active development, and 5 closed after completing Phase I or Post-Transaction work 2017 commitments $4.0m to 5 projects
Expected development impact
2017 Cumulative Financially closed and/or fully exited projects 4 30 Total Investment Commitments (TICs) ($m) 455.5 2,749.1 % of TICs in DAC I/II 55% % of TICs in FCAS 50% Access (in millions) 1.7 27.5 Job creation: short-term 185 1,095 Job creation: long-term 67 (8682) Fiscal benefits ($m) 145.5 2,758.1
The cumulative figures exclude the results from the Central Java IPP project (TICs of $4.3bn, Access of 7.5m), as the size would skew DevCo’s results
Catalysing investment in local markets. Innovative model can be replicated in additional frontier territories.
Power to the people. Cenpower will add around 12% to Ghana’s installed power generation capacity.
Philippines Rural Electrification
Landmark project delivers affordable power to 160,000 people. DevCo's financial support enabled government to receive critical Public Private Partnership transaction structuring advice.
Tibar Bay Port
Building port capacity in East Timor, this new facility will provide access for more and larger vessels, reducing the costs of imports and exports.