An IFC client, ACWA Power, and an IFC project, Zorlu Wind, have been recognized by two leading infrastructure trade publications. Thompson Reuters’ Project Finance International
IFC InfraVentures is a fund created by IFC in 2008 to support and proactively develop private and public- private partnership infrastructure projects in the world’s poorest countries. It is expected to address major constraints to private investment in infrastructure projects in those countries, including the limited availability of funds and experienced professionals dedicated to private infrastructure project development.
IFC InfraVentures is expected to assist or take the lead in:
Organizing and evaluating project and prototype feasibility studies and pilot tests
Developing financial models Organizing and evaluating economic, social, technical, and market studies
Selecting and supervising project advisors and counterparties
Structuring the project and its long-term financing
Negotiating financial, commercial, and legal terms of project agreements
Obtaining permits and other project assets
Sourcing project equity and debt financing
Other areas in which IFC InfraVentures is expected to be particularly helpful include environmental and social impact management and relationships with governments and regulators.
Half of IFC InfraVentures’ resources are expected to be devoted to Sub-Saharan Africa, with the remainder spread across the rest of the world.