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1187066
registered interest false more like this
date less than 2020-03-23more like thismore than 2020-03-23
answering body
Department for International Development remove filter
answering dept id 20 more like this
answering dept short name International Development more like this
answering dept sort name International Development more like this
hansard heading CDC: Power Stations more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for International Development, what investments (a) CDC Group and (b) its subsidiaries have in power generation facilities using (i) diesel, (ii) crude oil and (iii) Heavy Fuel Oil as a primary or secondary fuel; and what the (A) primary fuel type, (B) secondary fuel type and (C) value is of each investment. more like this
tabling member constituency Nottingham East more like this
tabling member printed
Nadia Whittome more like this
uin 33616 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-03-31more like thismore than 2020-03-31
answer text <p><strong> </strong></p><p><em> </em></p><p>CDC has made the following investments:</p><p> </p><table><tbody><tr><td><p><strong>Investment </strong></p></td><td><p><strong>Primary Fuel Type </strong></p></td><td><p><strong>Back-up Fuel Type</strong></p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/maria-gleta/" target="_blank">Maria Gleta</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/azura-power/" target="_blank">Azura Power</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/sirajganj-4/" target="_blank">Sirajganj 4</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/summit-meghnaghat/" target="_blank">Summit Meghnaghat</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/gvk-energy-limited/" target="_blank">GVK Energy</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/termoyopal/" target="_blank">Termoyopal</a></p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p>Early Power Limited</p></td><td><p>Gas</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/amandi-energy/" target="_blank">Amandi Energy</a></p></td><td><p>Gas</p></td><td><p>Crude Oil</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/karadeniz-powerships-2/" target="_blank">Karadeniz Powerships</a></p></td><td><p>Gas</p></td><td><p>Heavy Fuel Oil</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/takoradi-international-company-limited-tico/" target="_blank">Takoradi International Company Limited (TICO)</a></p></td><td><p>Light Crude Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/albatros-energy/" target="_blank">Albatros Energy</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/te-power/" target="_blank">Te Power</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/globeleq-limited/" target="_blank">Globeleq Limited - Tsavo</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/investment/globeleq-limited/" target="_blank">Globeleq Limited - Dibamba</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/jamaica-public-services-limited/" target="_blank">Jamaica Public Services Limited</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr><tr><td><p><a href="https://www.cdcgroup.com/en/our-investments/underlying/rabai-power-ltd/" target="_blank">Rabai Power Ltd</a></p></td><td><p>Heavy Fuel Oil</p></td><td><p>Diesel</p></td></tr></tbody></table><p> </p><p>The total net asset value of these investments, as at 31 December 2019, was $276,272,552. CDC publishes the amounts it invests directly into businesses and investment funds. Individual investment valuations are commercially sensitive and are not disclosed.</p><p> </p><p>In the first two years of CDC’s current strategic period (2017-2018) it committed over $500 million to renewable energy.</p><p> </p><p>Since 2015, CDC has made over $800m of commitments in green investments in a range of sectors – including renewable power, green buildings and forestry. Over the past two years, CDC has committed over $500 million to renewable energy projects, almost 25% of CDC’s total investment commitments made over this period. Building on this base, CDC have recently completed work on a new Climate Strategy that sets out a higher level of ambition on Climate and a portfolio-wide “Carbon budget” approach to Paris alignment, tied to HMG commitments to reach net zero by 2050. CDC will launch its new strategy later this year.</p>
answering member constituency Rochford and Southend East more like this
answering member printed James Duddridge more like this
question first answered
less than 2020-03-31T16:43:54.03Zmore like thismore than 2020-03-31T16:43:54.03Z
answering member
1559
label Biography information for Sir James Duddridge more like this
tabling member
4869
label Biography information for Nadia Whittome more like this