Actis has announced the launch of Bridgin Power, a power generation business intended to pursue gas-fired power projects and focus on delivering an equitable Energy Transition in Southeast Asia.
Bridgin Power is targeting a total portfolio capacity of 1.2 GWs across the region by 2028. The business is being funded by Actis Energy Fund 5. The US$6 billion fund focuses on investing in Energy Transition.
The first investment for Bridgin is a 49% shareholding in a 220MW Combined Cycle Gas Turbine project in the Bhola region of Bangladesh.