NEWS & MEDIA
22 December 2017
A CONSORTIUM FORMED BY GROUPE ADP, MERIDIAM AND ASMA SIGNED A CONTRACT TO TAKE EXCLUSIVE CONTROL ON AIG, CONCESSIONAIRE OF AMMAN AIRPORT, JORDAN
ASMA Capital Partners B.S.C. (c), acting in its capacity as investment manager for IDB Infrastructure Fund II, together with Groupe ADP and Meridiam signed on 22nd December, 2017 a contract to take over the shares of Airport International Group (“AIG”), concessionaire of Queen Alia International Airport in Amman, Jordan.
The completion of the transaction is subject suspensive conditions including the Government of Jordan and AIG’s Lenders’ consents.
Queen Alia airport welcomed 7.4 million passengers in 2016 and was named the best airport of its size (5-15 million passengers) in the Middle East by the Airport Council International (ACI) based on the results of the 2016 Airport Service Quality (ASQ) Survey, the world’s leading airport passenger satisfaction benchmark program.
24 April 2017
DISTINCTION AWARD AS GLOBAL DESALINATION COMPANY OF THE YEAR 2017
Utico has received the Distinction award as Global Desalination Company of the Year 2017. This award is for companies, who made the biggest mark Worldwide in the Desalination sector through innovation and contribution for 2016-2017.The nominees for this award were selected by an international independent Jury of Eminent peers from all over the world.
Utico is the First company from the Middle East to win it and among the select Desalination companies in the world with innovative development and engineering skills.
Utico is also till date the ONLY company ever to be completely privately held and full service( including T&D) to win it….in the world !
02 April 2017
PAKISTAN HAWA WIND PROJECT
The Hawa Wind Project is the third 49.7MW wind farm acquisition in Jhimpir, Sindh in Pakistan after DAELIM Energy’s (DE) previous two 50MW Wind Project acquisitions in the same area on 2015.
The project’s EPA execution, the 20 years BOO (Build, Own, and Operate) with the Pakistani government affiliated power purchasing agency CPPA, was done on July 2016, while the financial close with OPIC (75% of total investment) was completed on August 2016.
Hawa Wind Project will begin groundbreaking on 4Q 2016 targeting for its planned commercial operation on 1Q 2018. Major Shareholders are Hawa Investments Ltd, JS Group, and EMA Power Investment of which EMA Power Investment*, co-founded in Dubai by DAELIM Energy & IDB Infrastructure Fund II, holds 35% of Hawa Wind project’s equity (of which 17.15% owned by DE and 17.85% owned by ASMA).
Total investment cost for the project is US$ 127 million of which approximately US$ 11 million was invested by DAELIM Energy’s JV Company, EMA Power Investment and approximately US$ 96 million was financed by OPIC (Overseas Private Investment Corporation).
Beginning its first commercial operation on 1Q 2018 (planned), Hawa Wind Project aims to alleviate energy shortage problems in Pakistan.
17 February 2016
SEVEN ENERGY SECURES US$100 MILLION OF ADDITIONAL EQUITY CAPITAL
London, Lagos, 17 February 2016: Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, is pleased to announce that it has secured US$100 million of new equity capital.
This is comprised of US$50 million from existing shareholders of the Group, including Temasek, Petrofac, Capital International Private Equity, Standard Chartered, International Finance Corporation and IFC African, Latin American and Caribbean Fund, by way of an open offer and US$50 million invested by the IDB Infrastructure Fund II, sponsored by the Islamic Development Bank and other institutional investors. The IDB Infrastructure Fund II, with a target fund size of US$2 billion, invests in infrastructure opportunities across Asia, the Middle East and Africa. The fund is managed by ASMA Capital Partners B.S.C. (c) (“ASMA”). Stephen Vineburg, the Chief Executive Officer of ASMA, will join the Board of Directors of Seven Energy.
10 December, 2015
DAELIM GROUP’S OVERSEAS IPP PROJECTS GAIN FRESH MOMENTUM
Daelim Energy to Establish JV with IDB Infrastructure Fund II
Daelim Group is gearing up to make new investments as part of its efforts to build new growth engines through overseas electricity generation and energy development projects. Daelim Energy, the IPP (Independent Power Plant) and energy developer arm of Daelim Group, announced its plans on Thursday (December 10th) to establish Daelim EMA, a joint corporation with IDB Infrastructure Fund II, in Dubai. Through Daelim EMA, Daelim Group plans to expand its IPP business in the Middle East, Africa, CIS and Southwest Asia.
26 June, 2014
ISLAMIC DEVELOPMENT BANK ANNOUNCES US$2 BILLION IDB INFRASTRUCTURE FUND II
Jeddah, June 26 2014 – His Excellency Dr. Ahmad Mohamed Ali, President of the Islamic Development Bank (IDB) Group, announced the launch of the US$2 billion Islamic Development Bank Infrastructure Fund II (the IDB Fund II), on the occasion of the 40th anniversary of the IDB. The IDB Fund II is the largest private equity infrastructure fund dedicated to the 57 member countries of the IDB.
The IDB Fund II is supported by the Public Pension Agency of the Kingdom of Saudi Arabia, the Public Investment Fund of the Kingdom of Saudi Arabia, the Ministry of Finance of the Kingdom of Bahrain and the Ministry of Finance of the Sultanate of Brunei Darussalam as founding investors, with aggregate commitments totaling US$750 million for the first closing. A final closing with additional investors is targeted for early 2015.