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MDGIF Investment Policy Statement

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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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Other Related Offences Commission’ or any similar agency anywhere in the world.
iv.
If, in the sole judgment of the MDGIF, a project promoter has or has in all reasonable
likelihood engaged in any corrupt practice or fraudulent practice, the MDGIF may,
at its sole discretion, disqualify such project promoter at any stage of the project.
v.
Additionally, each MDGIF partner shall permit and shall cause their agents (where
declared or not), subcontractors, sub-consultants, service providers, suppliers, and
their personnel, to permit the MDGIF to inspect all accounts, records, and other
documents relating to the performance by MDGIF partner under the Investment
Agreements, and to have them audited by auditors appointed by the MDGIF, as
applicable.
vi.
Any project promoter executing the Investment Agreement must represent, warrant,
and covenant that it has not engaged in any corrupt practices in relation to
accessing the Funds.
3.13 Non-Conforming Proposals
i.
The MDGIF shall only accept proposals that are in conformity with Investment Proposal
requirements and MIPS.
ii.
In cases of minor deviations, MDGIF may request clarification from the project
promoters. Where project promoters does not provide a satisfactory clarification,
MDGIF may reject the investor’s proposal.
iii.
In the event that any proposal is rejected, MDGIF shall promptly notify the project
promoters stipulating the reasons for rejection. Such project promoters shall not then
be permitted to amend its proposal to become compliant.

3.14 Response Timeline
The MDGIF shall communicate its approval or rejection of an application within six (6) months.