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DAELIM Energy

EMA Power Investment and
Daelim EMA Management

Daelim Energy and IDB Infrastructure Fund II managed by ASMA Capital Partners B.S.C (c) have established joint venture companies EMA Power Investment and DAELIM EMA Management, with total capital commitment of USD 200 million in April, 2016. The companies will serve as an investment platform focusing on Independent Power Plant (“IPP”) projects in the Middle East, Africa, CIS and Southwest Asia, regions where consistent high electricity demand is anticipated. The regions also consist of effective legal and regulatory frameworks to manage IPP business related risks.

EMA Power Investment will be an investment vehicle, whereas Daelim EMA Management will provide project development, technical advisory and asset management services with regards to the investment by EMA Power investment. Daelim Energy and ASMA Capital will be committed to support for a successful investment and management of the companies by providing deal opportunities, development advisory services and financial assistances.

As of October 2016, EMA Power Investment has made investments in Pakistan Hawa Wind and Bangladesh Summit Power.

Established in 2014 in Bahrain, the IDB Infrastructure Fund II, managed by ASMA Capital Partners B.S.C (c), is focused in funding investments in infrastructure projects from member nations of IDB (Islamic Development Bank) and ASEAN. ASMA Capital Partners’ shareholder are IDB, Public Pension Agency (Kingdom of Saudi Arabia), Public Investment Fund (Kingdom of Saudi Arabia), Ministry of Finance (Kingdom of Bahrain) and Ministry of Finance (Sultanate of Brunei Darussalam), each of whom holds 20% share in ASMA Capital Partners B.S.C (c), respectively.

Business Outline

Business Outline
Company Name Daelim EMA Management and EMA Power Investment
Location Dubai, UAE
JV Scope Target projects : Power development, investment and operation
Target countries : IDB Member countries in Africa, Middle East, CIS, South West Asia
Partner IDB Infrastructure Fund II(Fund size : USD 2bil.)
JV size USD 200 Million
Ownership rate Daelim EMA Management (DE 51%) , EMA Power Investment (DE 49%)