(L to R): Nick O’Donohoe, chief executive, and Srini Nagarajan, managing director and head of Asia, BII

The UK’s development finance institution British International Investment (BII), formerly known as the Commonwealth Development Corporation or (CDC), is looking to invest in “transformative” climate technology projects in Southeast Asia, its top executives told DealStreetAsia.

BII has previously concentrated its investments in Africa, particularly sub-Saharan Africa, and South Asia, chief executive Nick O’Donohoe explained in an interview.