Nigeria: CDC

Foreign, Commonwealth and Development Office written question – answered on 19th July 2021.

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Photo of Matthew Pennycook Matthew Pennycook Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much of CDC Group’s £95.6 million funding commitment to Globeleq will support (a) gas-power projects and (b) other fossil fuel projects.

Photo of James Duddridge James Duddridge Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

CDC's 2020 investment commitment to Globeleq was provided to support the financing and development of its pipeline of African power projects. The final funding arrangements for individual projects are not yet finalised.

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