Library / Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

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Applicable to:            MDGIF Project Promoters  
Equity Partners 
MDGIF INVESTMENT POLICY STATEMENT (MIPS) 
 
Code: MDGIF Guide 1001 - 2024 
 
Effective Date: 17th May 2024 
 
 
This document is a property of the Midstream and Downstream Gas Infrastructure Fund. All rights reserved. 
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i. Sale of the Fund’s shareholding or participating interests to the Project Promoters 
or other project shareholders; or 
ii. Sale of the Fund’s shareholding or participating interests to other strategic 
investors or funds.  
c. The MDGIF would, to the extent possible, retain relevant rights and provisions in 
agreements with its investee companies, to allow a seamless exit in all its investments. 
3.11 Relationship with MDGIF Equity Partners 
The MDGIF shall collaborate with equity partners in its investee companies at every stage of 
the project lifecycle to develop and operationalize the project while expanding the MDGIF’s 
impact on the development of the gas infrastructure value chain. 
3.12 Conflicts of Interest, Anti-Corruption and Fraud  
3.12.1 Conflicts of Interest  
i. 
Project Promoters shall not have any conflict of interest in relation to their proposals 
and shall disclose to the MDGIF all affiliations and any relationship that might involve 
a conflict of interest.   
ii. 
Failure to disclose said situations may lead to the disqualification of the project 
promoters or the termination of any Investment Agreements.  
iii. 
All Members of the MDGIF Governing Council are mandated to disclose to the 
Council all affiliations and any relationship that might involve a conflict of interest.  
iv. 
All Members of the MDGIF Governing Council shall recuse themselves from taking any 
action, position or interest that conflicts with the interest of the MDGIF or gives the 
appearance of a conflict. 
3.12.2 Anti-Corruption and Fraud 
i. 
The MDGIF will require that every Project Promoter observes the highest standard of 
ethics during the application processes and during the execution of any Project in 
relation to the MDGIF.   
ii. 
Project promoters shall submit all accounts, records and other documents on demand 
to MDGIF for audit by an independent auditor.  
iii. 
MDGIF shall not partner with project promoters on the “debarred lists” of the 
Economic and Financial Crimes Commission, the ‘Independent Corrupt Practices and