SINGAPORE, June 6 (Reuters) - KKR, Global
Infrastructure Partners (GIP) and the Indo-Pacific Partnership
for Prosperity have formed a coalition to invest $25 billion in
infrastructure in the Indo-Pacific region, U.S. Commerce
Secretary Gina Raimondo said on Thursday.
Raimondo, speaking in Singapore, said investment would
include green data centres in Indonesia, renewable energy in the
Philippines and smart metres and hybrid renewables in India.
"Coalition members (of the Indo-Pacific Economic Framework)
will help facilitate the identification, promotion, and
development of successful infrastructure projects across the
region," the three organisations said in a joint statement.
The coalition will initially focus on scaled infrastructure
investment across the energy, transportation, water and waste,
and digital sectors, they said in the statement.
Private equity firms KKR and GIP will co-chair the
initiative, while global investors including BlackRock ( BLK ),
GIC, Rockefeller Foundation and Temasek will
be a part of the coalition, the statement showed.
Raimondo said over $23 billion of investment
opportunities had been identified by the Indo-Pacific Economic
Framework (IPEF).
Investment opportunities numbering 69 "sustainable
infrastructure" projects were identified at an IPEF Investor
Forum, Singapore's trade ministry, which organised the forum,
said on Thursday.
"Of these, 20 investment-ready projects worth about $6
billion were presented to investors. Remaining projects worth
about $17 billion were also identified as potential investment
opportunities," the ministry said.