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KKR, GIP and Indo-Pacific group form $25 billion regional infrastructure tie-up, US says By Reuters

ABC News 10 June 6, 2024 0

© Reuters. U.S. Secretary of Commerce Gina Raimondo reacts during a bilateral meeting with Thai Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-nukara, in Bangkok, Thailand, March 14, 2024. REUTERS/Chalinee Thirasupa/file photo

SINGAPORE (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Thursday that private equity firms KKR and Global Infrastructure Partners (GIP) and the newly formed Indo-Pacific Partnership for Prosperity were forming a coalition to invest $25 billion in infrastructure in the region.

Raimondo, speaking in Singapore, said investments would include green data centres in Indonesia, renewable energy in the Philippines and smart metres and hybrid renewables in India.