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Dept for International Development

Answer

Tom Brake: To ask the Secretary of State for International Development (1) if he will list investments by CDC/Actis Capital in the energy sector in (a) 2001, (b) 2002, (c) 2003 and (d) 2004 broken down by (i) amount and (ii) percentage of the total CDC/Actis Capital portfolio; [210520] (2) how much CDC/Actis Capital has invested in renewable energy; and what percentage of its total energy portfolio this figure represents; [210521] (3) what discussions his Department has had with CDC/Actis Capital about targets for their investment in renewable energy. [210522] Hilary Benn: CDC made 27 investments in the energy sector in the period between 2001 and 2004. The investments were in the following companies: Ace Power Generation Anuradhapura (Pvt) Ltd. Ace Power Generation Matara (Pvt) Ltd. Asia Power Co. Azito Caribbean Basin Power Fund Compania Boliviana de Energia Electrica Compania de Electricidad de Puerto Plata DHL Trust Dominica Electricity Services Ltd. Empresa Energetica Corinto Guyana Power and Light Haina Investment Company Haripur (Pvt) Ltd. / Meghnaghat (Pvt) Ltd. Hopewell Power (Philippines) Corporation Hub Power Co. Ltd. Jamaica Private Power Co. Kelvin Power La Compania de Electricidad de San Pedro De Macoris Mirant Sual Corporation Sidi Krir St. Lucia Electricity Services Ltd. Orzunil Lanco Kondapalli Puerto Quetzal Power Ltd. Liability Co. Songas Company Ltd. Southern Cone Power Ltd. Tsavo Power Co. Ltd. Amounts invested in each company are commercially confidential. Total annual investments by CDC in the energy sector and their percentage of total investments were as follows: _________________________________________________________________________________________________. Amount (£ million) Percentage 2001 147 11 2002 203 15 2003 343 26 2004 317 27 _________________________________________________________________________________________________. CDC has invested US$104 million in renewable energy projects, which represents some 17 per cent. of its total energy portfolio. These figures are based on 31 December 2004 valuations. DFID has had no discussions with CDC about targets for their investment in renewable energy. However, we understand that CDC is exploring the possibilities of further investment in renewable energy with Actis, its main investment manager.

Secondary information

Type

Written question

Reference

430 c483-4W; 210520;210521;210522

Session

2004-05

Subjects

Energy Income Overseas investment Renewable energy CDC Capital Partners

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk