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Written question asked by Olivia Blake (Labour) on Monday, 28 March 2022, in the House of Commons. It was due for an answer on Thursday, 31 March 2022 (named day). It was answered by Amanda Milling (Conservative) on Thursday, 31 March 2022 on behalf of the Foreign, Commonwealth and Development Office.


Mozambique: Gas Fired Power Stations

Question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the value is of CDC Group’s commitment to provide equity financing for the Temane gas project in Mozambique, developed by its subsidiary Globeleq.

Answer

CDC is a majority shareholder of Globeleq. Globeleq's commitments are funded by shareholder support and Globeleq's own resources.

In the past two years, Globeleq has supported the financing of a number of African power projects, including the Cuamba solar and storage project in Mozambique, the Temane gas fired power project in Mozambique and the ARC solar project in Egypt.

Gloebleq has reported its total commitment to Temane as approximately $170 million.


Secondary information

Type
Written question
Reference
148442
Session
2021-22
Subjects
Finance Gas fired power stations Mozambique CDC Globeleq
Contains statistics
Yes
Link
View this Written question on www.parliament.uk