Actis launches power generation business in Southeast Asia

Actis, a sustainable infrastructure investor has announced the launch of a power generation business in Southeast Asia. The business, Bridgin Power will reportedly target gas-fired power projects in the region. Sanjiv Aggarwal, Partner, Energy Infrastructure at Actis said “We’re excited to be launching a business spanning Southeast Asia, a region which has increasing power demands and where we can leverage Actis’ proven strategy of aggregating energy assets into a scalable regional platform which enables a just and equitable Energy Transition”. The statement from Actis also says that the first investment by the new business is a 49% stake in a 220MW combined cycle gas turbine power plant in Bangladesh.