PVTIME – The sustainable infrastructure development in Southeast Asia is set to receive significant support in the form of a $25 million equity commitment from the International Finance Corporation (IFC), which is part of the World Bank Group. The investment will go to Seraya Partners Fund II, a private equity infrastructure fund managed by Seraya Partners with a clear focus on addressing infrastructure gaps in the region’s emerging markets.
Seraya Partners Fund II comprises two distinct investment sleeves. One sleeve is dedicated exclusively to Southeast Asia’s emerging markets and is anchored by the IFC’s investment. This represents Seraya Partners’ first dedicated allocation to this segment. The second sleeve focuses on developed Asia-Pacific markets, with investments intended to strengthen value chain linkages between developed and developing economies.
The emerging markets sleeve prioritises advancing sustainable infrastructure in Southeast Asia by supporting decarbonisation, enhancing connectivity, and fostering inclusive economic growth. Key target markets include Indonesia, Malaysia, the Philippines, Thailand and Vietnam, and development outcomes are monitored using metrics such as renewable energy generation and expansion of digital infrastructure capacity.
Alongside this commitment, in November 2025 the IFC acted on behalf of the World Bank Group to enter into a collaborative agreement. This partnership involves Permodalan Darul Ta’zim, the strategic investment arm of Johor State, and Ditrolic Energy. The aim is to develop the Southern Johor renewable energy corridor.
The $6 billion project covers a 10,000-acre site and the initial phase includes plans for up to 4GWp of solar capacity and 5.12GWh of storage capacity. Upon completion, the corridor will supply renewable electricity to local and multinational enterprises in Johor, including data centre operators, manufacturers, and other industrial users.
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