The Private Infrastructure Development Group (PIDG) last night received three FinanceAsia awards for Biggest Sustainable Impact at a ceremony held at Conrad Hong Kong. The awards were won in the International Nonbank Financial Institutions category for PIDG’s work in Cambodia, India and Vietnam.
The awards are in recognition of the combined Environmental, Social and Governance impact of deals and other initiatives delivered during 2025 by PIDG in each of these market:
Cambodia
- THACO Agri – GuarantCo’s USD 50m partial guarantee for a corporate bond to finance the expansion of fruit production and agri-processing operations.
- First Finance – GuarantCo’s 100% USD 16m payment default guarantee for a series of debt facilities to fund affordable home purchase and improvement loans.
- Credit Guarantee Corporation of Cambodia (CGCC) – Technical Assistance grant funded capacity building workshops on the delivery of local currency guarantees for sustainable infrastructure finance.
India
- KPI Green Energy – GuarantCo’s c. USD 80m guarantee for green bonds to be used to develop 620 MW of renewables capacity across several Indian states.
- Chartered Speed – GuarantCo’s USD 17.3m partial loan guarantee under the Government of India’s PM e-Bus Sewa scheme to decarbonise the mobility sector and support the country’s emission reduction targets.
- Muthoot Capital – GuarantCo’s USD 11m green bond guarantee to finance loans to consumers, primarily in rural locations, for the purchase of electric two-wheelers.
- PIDG Industry Expert Forum – Held in Mumbai in November 2025, this event engaged the corporate and financial sectors around the need to deepen India’s debt capital markets to finance the sustainable infrastructure required to underpin continued economic growth.
Vietnam
- BPG Plastics – GuarantCo’s USD 10m 100% payment default guarantee for a bond issuance to scale sustainable manufacturing capacity to support circular economy building.
- AquaOne – PIDG provided VND 333.6bn equity, VND 1.2tr bond guarantees and Technical Assistance funding for the Xuan Mai Water Treatment Plant delivering potable water to the Phu Tho province and Hanoi.
- PIDG Industry Expert Forum – Held in Ho Chi Minh City in September 2025 in partnership with VIS Rating, an Affiliate of Moody’s, which brought together the investment community to explore how credit enhancement can unlock sustainable infrastructure deals and reshape markets.
