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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taken to ensure that the interests of the MDGIF are protected and the policies under 
this MIPS are adequately reflected.  
iv. 
Prepare a report of its findings and recommendations from the proposal’s technical 
and commercial evaluation for the Fund. The report shall provide an overview of the 
project review, the investment readiness and suitability for investment by the Fund.  
v. 
Submit the technical and commercial evaluation report to MDGIF Governing Council 
through the Executive Director.  
vi. 
Provide transaction advisory services on project proposals as may be directed by the 
Council. 
5.1.5 Final Investment Decision (FID) 
i. 
The Executive Director shall present an investment memo for proposed investments to 
the Governing Council along with the report of the Transaction Advisor’s technical 
and commercial evaluation. 
ii. 
The Governing Council shall review the investment memo, report of the Transaction 
Advisor, and other supporting documentation to determine final investment decision 
(FID) on the investment proposal. 
iii. 
The Council shall approve or decline investment proposals presented, with 
documentation of its decision and justifications. 
iv. 
Following approval of projects, the Governing Council shall direct the Executive 
Director to commence all necessary processes to formalize the investment in the 
project with an indicative MOU, non-binding offer letter or indicative term sheet to 
proceed with the transaction. 
5.1.6 Financial Close  
i. 
The MDGIF executes definitive final Investment documents, Investment agreements 
and ensure conditions precedent are satisfied. 
ii. 
Project Promoters and equity partners shall submit drawdown request to the MDGIF 
for fund disbursement based on agreed milestones.  
iii. 
MDGIF disburses funds based on milestones set out in the executed Investment 
agreements.