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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promoters of the Fund beneficiaries in the same period), unless approved 
otherwise by the Council.  
iii. 
The MDGIF’s equity participation in any Project shall not exceed [fifteen per cent 
(15%)] of the MDGIF’s Fund balance. 
 
4.8.3 Project Account 
As a requirement for the MDGIF’s participation in any project, the MDGIF and the Project 
Promoter may establish a joint signatory project account, where all funds (Inflow and 
outflow) for the project shall be channelled. 
4.9 
Capital Reinvestment and Compounding 
Pursuant to the provisions of the Act, and guidance of the Governing Council, the MDGIF 
may reinvest all realized proceeds including, dividends, interest income on the MDGIF 
account, fees, other ancillary earning inflows of the MDGIF as well as those sources of funds 
captured in the Act, in new or existing gas infrastructure assets.  
4.10 Socio Economic Investments 
i. 
The MDGIF may make investments to generate a measurable positive social or 
environmental impact alongside financial returns.  
ii. 
These include investing in projects that increase access to clean and affordable 
energy, promote energy efficiency, improve energy security, environmental 
remediation, create jobs, and support local communities.  
iii. 
Such projects are expected to generate social benefit but may not achieve an equal 
level of financial return set in this MIPS, especially one that is commensurate with the 
risks associated with the investment.  
iv. 
Subject to approval by the Council, the MDGIF shall ensure that socio economic 
investment, does not exceed [ten per cent (10%) of the fund balance of the MDGIF 
and shall develop an evaluation framework with metrics that adequately measure 
the social impact generated by such investments. 
4.11 Investment of Idle Funds 
4.11.1 General  
i. 
Idle funds in this context refer to cash balances that have not yet been invested in 
infrastructure projects.