Upstream Technical Assistance
PIDG’s reconfigured IFC-PIDG/TA 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 (TA)
TA 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 , DGIS, Seco, Sida, World Bank-IFC, DFAT Cumulative PIDG member funding $128.9m Total commitments by TA at 31 December 2020 $44.5m to 233 TA Grants, $5.5m to 6 Capital Grants, $58.3m to 9 VGF Grants, $12m to 2 DevCo Grants 2020 commitments $8.9m for 45 TA Grants, $4.8m for 5 Capital Grants, $17m for 2 VGF Grants, $5.5m to 1 DevCo Grant
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-IFC; DevCo is funded directly, not through the PIDG Trust Cumulative PIDG member funding $91.1m Managed by IFC, a member of the World Bank Group Total commitments as at 31 Dec 2020 $46.5m to 67 projects/mandates, including 37 that have reached financial close, 15 that have reached commercial close, 10 under active development, and 5 closed after completing Phase I or Post-Transaction work
Expected development impact
In 2019, DevCo committed $3.9m to a number of activities including 3 transaction advisory mandates, and 5 preliminary (phase 0) and post-transaction activities.
The $46.7m cumulative commitment figure does not include commitments to projects that did not result in a closing. In addition PIDG is currently in the process of confirming the status of DevCo’s portfolio and will update these figures once the process is complete.
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.