In June 2022, Actis announced the launch of Bridgin Power, a power generation business that will pursue gas-fired power projects and focus on delivering an equitable Energy Transition in Southeast Asia where power demand is constantly on the rise. Bridgin Power is targeting a total portfolio capacity of 1.2 GWs across the region by 2028.
Led by a management team based in Singapore with over 100 years’ combined experience in the energy and power sector, Bridgin Power will apply a values-led approach, embedding sustainability in all decision making. Target geographies include Vietnam, Indonesia, Thailand, Philippines, Malaysia, Bangladesh and Sri Lanka.
Bridgin recently closed its first investment by acquiring 49% shareholding in a 220MW Combined Cycle Gas Turbine power plant in the Bhola region of Bangladesh. The Bhola power plant has a 22-year PPA with Bangladesh Power Development Board and achieved commissioning in June 2021.
Sustainability is at the core of Bridgin Power’s strategy, all investments will leverage Actis’ proprietary Impact Score™ and Transition Tool to identify assets that have a clear path to decarbonisation.