- Year established 2023
- Partners Japan International Cooperation Agency
- Cumulative Contributions Committed $1.5 billion*
The Leading Asia’s Private Infrastructure Fund 2 (LEAP 2) was established in December 2023 as a successor fund to LEAP, funded anew by the Japan International Cooperation Agency. LEAP 2 operates under a similar mandate and governance as its predecessor. It aims to reduce carbon emissions, improve energy efficiency, and offer accessible and affordable health care, education, and communication services.
*Represents maximum possible contribution of Japan to the fund.
News
ADB, MSEL Sign Deal to Establish 20-MW Solar Power Plant in Bangladesh
2 December 2024
ADB signs a $24.3 million financing package with Muktagacha Solartech Energy Limited to build and operate a 20-megawatt grid-connected solar photovoltaic power plant in Bangladesh with $8.8 million support from the Leading Asia’s Private Infrastructure Fund 2.
ADB, Masdar Sign $160 Million Deal to Build Two of the Largest Solar Power Plants in Azerbaijan
16 November 2024
ADB and the Abu Dhabi Future Energy PJSC signed a financing package totaling $160 million to build two of the largest solar power plants in Azerbaijan, with the Leading Asia’s Private Infrastructure Fund 2 providing up to $46 million of the package.
ADB Invests $100 Million in Fourth Partner Energy to Support Decarbonization of India’s Commercial and Industry Sector
6 August 2024
ADB signed a $100 million equity investment with lndia’s independent power producer, Fourth Partner Energy Private Limited, to advance the decarbonization of the country’s commercial and industry sector, $30 million of which will come from the Leading Asia’s Private Infrastructure Fund 2.
ADB Invests $40 Million in Green Bonds for a Climate-Resilient Water Supply in Georgia
26 July 2024
ADB has invested $40 million in a bond issuance by Georgia Global Utilities JSC to enhance the water system in Tbilisi and neighboring municipalities with Leading Asia’s Private Infrastructure Fund 2 providing $20 million of the financing deal.
Projects
