International Finance Corporation to invest in GEF Capital’s India-focused clean energy fund

The World Bank’s International Finance Corporation (IFC) is committing an equity investment of up to $15 million in an India-focused clean energy fund managed by GEF Capital Partners. The investment will be capped at 20 per cent of the total capital commitments that will be made to the South Asia Growth Fund that has a corpus target is $200 million. As per the IFC disclosure, the fund is looking to invest in 8-10 companies focused on clean energy supply and resource efficiency in India and  Bangladesh.