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.
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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
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
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Nigeria
InfraCredit
Catalysing investment in local markets. Innovative model can be replicated in additional frontier territories.
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Ghana
Cenpower
Power to the people. Cenpower will add around 12% to Ghana’s installed power generation capacity.
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Philippines
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.
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Timor-Leste
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.